Broadstone Net Lease, Inc. $BNL Shares Sold by Tritonpoint Wealth LLC

Key Points

• Tritonpoint Wealth LLC trimmed its stake by 12.5%, selling 104,865 shares to finish the quarter with 735,626 BNL shares (≈0.39% of the company, ~$12.99M), where BNL is its 19th largest holding.
• Earnings missed expectations: BNL reported $0.17 EPS vs. $0.37 consensus and $118.3M revenue, and set FY2026 guidance of 1.530–1.57 EPS (analysts average ~1.43 EPS).
• Dividend increased to $0.2925 quarterly (annualized $1.17) for a ~6.3% yield, though the payout ratio stands at a high 234%.

Tritonpoint Wealth LLC trimmed its position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,626 shares of the company's stock after selling 104,865 shares during the quarter. Broadstone Net Lease accounts for approximately 1.3% of Tritonpoint Wealth LLC's portfolio, making the stock its 19th largest holding. Tritonpoint Wealth LLC owned about 0.39% of Broadstone Net Lease worth $12,991,000 at the end of the most recent quarter.

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

Broadstone Net Lease Trading Down 0.0%

NYSE BNL opened at $18.62 on Friday. The stock has a market cap of $3.56 billion, a P/E ratio of 37.23 and a beta of 0.99. The company's fifty day simple moving average is $19.00 and its 200-day simple moving average is $18.38. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.91.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. The firm had revenue of $118.30 million for the quarter, compared to analyst estimates of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, research analysts expect that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Broadstone Net Lease's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.3%. Broadstone Net Lease's dividend payout ratio is presently 234.00%.

Analysts Set New Price Targets

Several research firms recently weighed in on BNL. Weiss Ratings lowered shares of Broadstone Net Lease from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 20th. Wall Street Zen upgraded Broadstone Net Lease from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Cantor Fitzgerald raised their price objective on Broadstone Net Lease from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, February 24th. Morgan Stanley boosted their price objective on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a "positive" rating in a research note on Monday, December 29th. Finally, BTIG Research decreased their target price on Broadstone Net Lease from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Friday, December 5th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Broadstone Net Lease currently has an average rating of "Moderate Buy" and an average target price of $20.22.

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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