Corient Private Wealth LP Invests $2.05 Million in Broadstone Net Lease, Inc. $BNL

Corient Private Wealth LP bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 99,106 shares of the company's stock, valued at approximately $2,049,000. Corient Private Wealth LP owned about 0.05% of Broadstone Net Lease as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BNL. Amundi raised its stake in shares of Broadstone Net Lease by 1,115.8% during the 2nd quarter. Amundi now owns 1,094,174 shares of the company's stock worth $22,617,000 after buying an additional 1,004,177 shares in the last quarter. HighTower Advisors LLC increased its holdings in Broadstone Net Lease by 1.0% during the 2nd quarter. HighTower Advisors LLC now owns 169,267 shares of the company's stock valued at $3,499,000 after acquiring an additional 1,686 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Broadstone Net Lease during the second quarter worth about $1,305,000. HB Wealth Management LLC lifted its holdings in shares of Broadstone Net Lease by 10.2% in the second quarter. HB Wealth Management LLC now owns 30,809 shares of the company's stock valued at $637,000 after purchasing an additional 2,862 shares in the last quarter. Finally, AlphaGrep UK Ltd purchased a new stake in shares of Broadstone Net Lease in the second quarter valued at about $304,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BNL. Cantor Fitzgerald raised their price objective on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Broadstone Net Lease in a report on Friday, July 31st. Citigroup downgraded Broadstone Net Lease from a "market perform" rating to a "market perform" rating in a research report on Friday, June 12th. Citizens Jmp cut Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a report on Friday, June 12th. Finally, The Goldman Sachs Group increased their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.78.

Broadstone Net Lease Trading Down 1.1%

Shares of Broadstone Net Lease stock opened at $18.91 on Thursday. Broadstone Net Lease, Inc. has a twelve month low of $17.16 and a twelve month high of $23.10. The stock has a market capitalization of $3.63 billion, a P/E ratio of 24.88 and a beta of 0.91. The business's fifty day moving average price is $21.08 and its 200 day moving average price is $20.45.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The company had revenue of $122.31 million for the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, sell-side analysts predict that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 annualized dividend and a dividend yield of 6.2%. Broadstone Net Lease's payout ratio is presently 153.95%.

Insiders Place Their Bets

In related news, Director Richard Imperiale purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director owned 26,250 shares in the company, valued at approximately $557,025. This trade represents a 23.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.02% of the company's stock.

Broadstone Net Lease Company Profile

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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