Cooper Haims Advisors LLC Invests $1.29 Million in Broadstone Net Lease, Inc. $BNL

Key Points

• Cooper Haims Advisors initiated a $1.29 million position in Broadstone Net Lease during the second quarter, while several other institutions also added shares. Institutional investors now own 89.07% of BNL.
• Analysts maintain a positive outlook, with seven Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $22.78.
• Broadstone Net Lease exceeded quarterly earnings expectations, reporting $0.21 in EPS and $122.31 million in revenue. The company declared a quarterly dividend of $0.2925 per share, equivalent to a 5.4% annualized yield.

Cooper Haims Advisors LLC purchased a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 62,670 shares of the company's stock, valued at approximately $1,295,000. Broadstone Net Lease comprises about 0.6% of Cooper Haims Advisors LLC's holdings, making the stock its 19th biggest position.

Several other institutional investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in Broadstone Net Lease during the second quarter worth about $24,537,000. The Manufacturers Life Insurance Company purchased a new position in Broadstone Net Lease in the second quarter valued at about $1,958,000. Cetera Trust Company N.A bought a new position in shares of Broadstone Net Lease during the 2nd quarter valued at approximately $279,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Broadstone Net Lease during the 2nd quarter valued at approximately $874,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Broadstone Net Lease during the 2nd quarter worth approximately $1,034,000. Institutional investors own 89.07% of the company's stock.

Insider Transactions at Broadstone Net Lease

In related news, Director Richard P. Imperiale acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $21.22 per share, with a total value of $106,100.00. Following the acquisition, the director owned 26,250 shares of the company's stock, valued at approximately $557,025. This trade represents a 23.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on BNL. Weiss Ratings reiterated a "buy (b)" rating on shares of Broadstone Net Lease in a research note on Friday, July 31st. BMO Capital Markets raised their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, July 10th. The Goldman Sachs Group boosted their target price on Broadstone Net Lease from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Saturday, August 1st. BTIG Research increased their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Finally, Citigroup lowered Broadstone Net Lease from a "market perform" rating to a "market perform" rating in a report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Broadstone Net Lease presently has a consensus rating of "Moderate Buy" and an average price target of $22.78.

Broadstone Net Lease Trading Up 1.6%

BNL opened at $21.55 on Wednesday. The company has a 50 day moving average of $21.45 and a 200 day moving average of $20.30. The company has a market cap of $4.13 billion, a PE ratio of 28.35 and a beta of 0.92. Broadstone Net Lease, Inc. has a 12 month low of $17.16 and a 12 month high of $23.10.

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

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease's payout ratio is presently 153.95%.

Broadstone Net Lease 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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