Broadstone Net Lease, Inc. $BNL Position Reduced by Vanguard Group Inc.

Key Points

• Vanguard Group trimmed its stake by 0.2% in Q4 (sold 62,492 shares) but still owns 27,235,146 shares (~14.39%) of Broadstone Net Lease worth about $473.1 million, and institutional investors collectively hold 89.07% of the company with several firms (notably Balyasny +213%) increasing their positions.
• Broadstone beat estimates with $0.24 EPS vs. $0.18 and $121.4M revenue, set FY2026 guidance of 1.530–1.570 EPS, and the analyst consensus is a "Moderate Buy" with an average price target of $20.33.
• The company declared a quarterly dividend of $0.2925 (annualized $1.17) implying a 5.9% yield, though the payout ratio is high at 180%, raising sustainability considerations for income investors.

Vanguard Group Inc. reduced its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,235,146 shares of the company's stock after selling 62,492 shares during the quarter. Vanguard Group Inc. owned about 14.39% of Broadstone Net Lease worth $473,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in Broadstone Net Lease by 2.2% during the second quarter. State Street Corp now owns 8,388,518 shares of the company's stock worth $136,998,000 after acquiring an additional 178,186 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Broadstone Net Lease by 3.0% in the 3rd quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company's stock worth $90,290,000 after purchasing an additional 146,402 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Broadstone Net Lease by 2.7% in the 2nd quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company's stock worth $76,896,000 after purchasing an additional 124,589 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Broadstone Net Lease by 213.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company's stock worth $69,579,000 after purchasing an additional 2,951,207 shares in the last quarter. Finally, Aew Capital Management L P lifted its stake in Broadstone Net Lease by 44.5% during the third quarter. Aew Capital Management L P now owns 3,644,233 shares of the company's stock valued at $65,122,000 after purchasing an additional 1,122,124 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group raised their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, March 9th. Cantor Fitzgerald upped their price target on Broadstone Net Lease from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Monday. Weiss Ratings upgraded Broadstone Net Lease from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. Finally, Wall Street Zen raised Broadstone Net Lease from a "sell" rating to a "hold" rating in a research note on Saturday, January 17th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Broadstone Net Lease presently has an average rating of "Moderate Buy" and an average price target of $20.33.

Broadstone Net Lease Trading Up 1.8%

BNL stock opened at $19.77 on Wednesday. Broadstone Net Lease, Inc. has a one year low of $15.28 and a one year high of $20.48. The firm has a 50-day moving average of $19.34 and a two-hundred day moving average of $18.60. The firm has a market capitalization of $3.78 billion, a PE ratio of 30.41 and a beta of 0.96.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The business had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease's payout ratio is presently 180.00%.

About Broadstone Net Lease

Broadstone Net Lease, Inc NYSE: BNL is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.

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