Canandaigua National Trust Co of Florida Takes $1.05 Million Position in Broadstone Net Lease, Inc. $BNL

Key Points

• Canandaigua National Trust Co of Florida initiated a new position in Broadstone Net Lease (BNL), buying 60,148 shares worth about $1.045 million in Q4 according to its 13F filing.
• Institutional ownership is high at 89.07%, with major managers like Balyasny, Hudson Bay, American Century, AEW and Bank of America significantly increasing their stakes by tens of millions of dollars.
• Fundamentals and payout: BNL trades near $19.90 with a market cap of $3.81B and a P/E of 39.8; it pays a 5.9% dividend ($1.17 annualized) but has a very high payout ratio of 234%, and it recently missed quarterly EPS estimates while guiding FY2026 EPS to 1.53–1.57.

Canandaigua National Trust Co of Florida purchased a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 60,148 shares of the company's stock, valued at approximately $1,045,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BNL. Balyasny Asset Management L.P. lifted its holdings in shares of Broadstone Net Lease by 213.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company's stock valued at $69,579,000 after buying an additional 2,951,207 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Broadstone Net Lease during the 3rd quarter valued at $37,998,000. American Century Companies Inc. lifted its holdings in shares of Broadstone Net Lease by 1,640.8% during the 3rd quarter. American Century Companies Inc. now owns 1,355,448 shares of the company's stock valued at $24,222,000 after buying an additional 1,277,583 shares during the period. Aew Capital Management L P lifted its holdings in shares of Broadstone Net Lease by 44.5% during the 3rd quarter. Aew Capital Management L P now owns 3,644,233 shares of the company's stock valued at $65,122,000 after buying an additional 1,122,124 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Broadstone Net Lease by 38.5% during the 3rd quarter. Bank of America Corp DE now owns 2,471,224 shares of the company's stock valued at $44,161,000 after buying an additional 686,938 shares during the period. 89.07% of the stock is owned by institutional investors.

Broadstone Net Lease Stock Performance

Shares of Broadstone Net Lease stock opened at $19.90 on Thursday. Broadstone Net Lease, Inc. has a one year low of $15.28 and a one year high of $20.48. The stock's fifty day moving average is $19.29 and its 200 day moving average is $18.58. The stock has a market cap of $3.81 billion, a P/E ratio of 39.81 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.The company had revenue of $118.30 million during the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Analysts predict that Broadstone Net Lease, Inc. will post 1.51 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.9%. Broadstone Net Lease's dividend payout ratio (DPR) is currently 234.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BNL shares. Weiss Ratings raised Broadstone Net Lease from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, April 6th. Cantor Fitzgerald raised their target price on Broadstone Net Lease from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Tuesday, February 24th. UBS Group raised their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, March 9th. Finally, Wall Street Zen raised Broadstone Net Lease from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.22.

Broadstone Net Lease Company Profile

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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