Broadstone Net Lease, Inc. $BNL Shares Acquired by Amundi

Key Points

• Amundi increased its Broadstone Net Lease stake by 1,115.8% in the second quarter, acquiring 1,004,177 additional shares and bringing its holdings to 1.09 million shares, or approximately 0.57% of the company.
• Broadstone Net Lease reported quarterly EPS of $0.21, exceeding estimates by $0.02, while revenue reached $122.31 million. The company maintained fiscal 2026 EPS guidance of $1.55–$1.57.
• The REIT declared a quarterly dividend of $0.2925 per share, equating to an annualized $1.17 and a 5.7% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $22.78.

Amundi increased its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 1,115.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,094,174 shares of the company's stock after purchasing an additional 1,004,177 shares during the period. Amundi owned approximately 0.57% of Broadstone Net Lease worth $22,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BNL. CIBC Private Wealth Group LLC grew its holdings in Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company's stock worth $35,000 after acquiring an additional 600 shares during the period. American Century Companies Inc. lifted its holdings in Broadstone Net Lease by 0.9% in the second quarter. American Century Companies Inc. now owns 77,865 shares of the company's stock valued at $1,250,000 after acquiring an additional 664 shares during the period. Lazard Asset Management LLC lifted its holdings in Broadstone Net Lease by 0.9% in the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company's stock valued at $1,432,000 after acquiring an additional 768 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Broadstone Net Lease by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company's stock worth $335,000 after purchasing an additional 944 shares in the last quarter. Finally, FJ Capital Management LLC boosted its position in shares of Broadstone Net Lease by 8.2% during the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company's stock worth $205,000 after purchasing an additional 965 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Transactions at Broadstone Net Lease

In other news, Director Richard Imperiale acquired 5,000 shares of the business's stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director directly owned 26,250 shares of the company's stock, valued at $557,025. This represents a 23.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is owned by company insiders.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $20.42 on Friday. Broadstone Net Lease, Inc. has a 1-year low of $17.16 and a 1-year high of $23.10. The business has a 50-day moving average of $21.44 and a 200-day moving average of $20.43. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 26.87 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $122.31 million for the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Research analysts expect that Broadstone Net Lease, Inc. will post 1.53 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease's dividend payout ratio (DPR) is presently 153.95%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BNL shares. BTIG Research increased their price target on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, June 26th. Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a report on Monday, June 8th. KeyCorp lifted their price target on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. The Goldman Sachs Group boosted their price target on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a "buy" rating in a research note on Saturday, August 1st. Finally, Citizens Jmp downgraded Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research note on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.78.

About Broadstone Net Lease

Broadstone Net Lease, Inc NYSE: BNL is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company leases these properties to businesses under long-term, net lease agreements, in which tenants generally assume responsibility for property taxes, insurance and maintenance.

Broadstone's portfolio is diversified across industries and includes properties used for healthcare, industrial, office, retail, restaurant and other business purposes.

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