Dimensional Fund Advisors LP Purchases 103,091 Shares of Broadstone Net Lease, Inc. $BNL

Key Points

• Dimensional Fund Advisors increased its Broadstone Net Lease stake by 4%, acquiring 103,091 shares to own 2.70 million shares, or about 1.41% of the company. Institutional investors collectively own 89.07% of BNL.
• Broadstone Net Lease reported quarterly earnings of $0.21 per share, exceeding the $0.19 consensus estimate, while revenue of $122.31 million also topped expectations. The company provided fiscal 2026 EPS guidance of $1.55–$1.57.
• BNL declared a quarterly dividend of $0.2925 per share, equivalent to a 5.5% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $22.78.

Dimensional Fund Advisors LP raised its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,696,795 shares of the company's stock after acquiring an additional 103,091 shares during the period. Dimensional Fund Advisors LP owned approximately 1.41% of Broadstone Net Lease worth $49,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BNL. KBC Group NV increased its position in Broadstone Net Lease by 38.1% in the first quarter. KBC Group NV now owns 7,352 shares of the company's stock worth $134,000 after purchasing an additional 2,028 shares during the last quarter. Swiss National Bank raised its stake in Broadstone Net Lease by 0.4% during the first quarter. Swiss National Bank now owns 374,300 shares of the company's stock valued at $6,838,000 after purchasing an additional 1,500 shares in the last quarter. California Public Employees Retirement System lifted its position in Broadstone Net Lease by 6.7% during the first quarter. California Public Employees Retirement System now owns 394,026 shares of the company's stock valued at $7,199,000 after purchasing an additional 24,857 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Broadstone Net Lease by 12.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 44,573 shares of the company's stock valued at $825,000 after purchasing an additional 4,794 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Broadstone Net Lease by 56.2% in the 1st quarter. D.A. Davidson & CO. now owns 143,066 shares of the company's stock worth $2,614,000 after buying an additional 51,482 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Up 0.2%

BNL stock opened at $21.45 on Monday. Broadstone Net Lease, Inc. has a twelve month low of $16.05 and a twelve month high of $23.10. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 28.22 and a beta of 0.92. The firm's fifty day simple moving average is $21.26 and its two-hundred day simple moving average is $19.98.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 firm 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, equities research analysts expect that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease's dividend payout ratio is presently 153.95%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BNL. Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a report on Monday, June 8th. BMO Capital Markets increased their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, July 10th. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price target on shares of Broadstone Net Lease in a research report on Saturday. Citigroup cut Broadstone Net Lease from a "market perform" rating to a "market perform" rating in a research note on Friday, June 12th. Finally, KeyCorp upped their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadstone Net Lease has an average rating of "Moderate Buy" and a consensus price target of $22.78.

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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