Corient Private Wealth LP Acquires New Position in Broadstone Net Lease, Inc. $BNL

Key Points

• Corient Private Wealth LP acquired 98,097 Broadstone Net Lease shares worth approximately $2.03 million in the second quarter, joining several other institutional investors that increased positions. Institutions now own 89.07% of BNL.
• Broadstone Net Lease reported quarterly EPS of $0.21, exceeding the $0.19 analyst consensus, while revenue of $122.31 million also topped estimates. The company issued fiscal 2026 EPS guidance of $1.55–$1.57.
• The company declared a quarterly dividend of $0.2925 per share, equivalent to an annualized $1.17 dividend and a 5.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $22.78.

Corient Private Wealth LP acquired a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 98,097 shares of the company's stock, valued at approximately $2,028,000. Corient Private Wealth LP owned approximately 0.05% of Broadstone Net Lease as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BNL. Palogic Value Management L.P. bought a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at approximately $1,299,000. Bank of America Corp DE bought a new position in Broadstone Net Lease during the second quarter worth $32,978,000. Odyssean LLC lifted its stake in Broadstone Net Lease by 126.7% during the second quarter. Odyssean LLC now owns 26,738 shares of the company's stock worth $553,000 after purchasing an additional 14,945 shares during the last quarter. Jupiter Topco LLC bought a new position in Broadstone Net Lease during the second quarter worth $23,178,000. Finally, Hsbc Holdings PLC acquired a new position in Broadstone Net Lease in the second quarter worth $7,600,000. Institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Stock Up 1.1%

BNL stock opened at $21.05 on Thursday. The stock has a market cap of $4.04 billion, a PE ratio of 27.70 and a beta of 0.91. The firm's 50-day simple moving average is $21.49 and its 200 day simple moving average is $20.37. Broadstone Net Lease, Inc. has a fifty-two week low of $17.16 and a fifty-two week high of $23.10.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted 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 firm had revenue of $122.31 million during the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Equities analysts forecast that Broadstone Net Lease, Inc. will post 1.53 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 annualized dividend and a dividend yield of 5.6%. Broadstone Net Lease's payout ratio is currently 153.95%.

Insider Activity

In other Broadstone Net Lease news, Director Richard P. Imperiale acquired 5,000 shares of Broadstone Net Lease stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the transaction, the director owned 26,250 shares in the company, valued at approximately $557,025. This represents a 23.53% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on BNL. Cantor Fitzgerald boosted their target price on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Citigroup downgraded shares of Broadstone Net Lease from a "market perform" rating to a "market perform" rating in a research report on Friday, June 12th. The Goldman Sachs Group lifted their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a "buy" rating in a report on Saturday, August 1st. Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a research report on Monday, June 8th. Finally, BMO Capital Markets increased their price objective on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadstone Net Lease presently 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 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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