Greenland Capital Management LP Purchases New Shares in Broadstone Net Lease, Inc. $BNL

Key Points

• Greenland Capital Management initiated a position in Broadstone Net Lease during the second quarter, purchasing 50,000 shares valued at approximately $1.03 million. Institutional investors collectively own 89.07% of BNL.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $22.78; several firms recently raised their targets to $24.
• Broadstone Net Lease reported quarterly EPS of $0.21, exceeding estimates of $0.19, and announced a quarterly dividend of $0.2925, representing a 5.6% annualized yield.

Greenland Capital Management LP purchased a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the company's stock, valued at approximately $1,034,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BNL. Quantbot Technologies LP purchased a new position in shares of Broadstone Net Lease during the 2nd quarter worth about $999,000. EP Wealth Advisors LLC purchased a new stake in Broadstone Net Lease in the 2nd quarter worth about $245,000. Ieq Capital LLC purchased a new stake in Broadstone Net Lease in the 2nd quarter worth about $406,000. Fund Advisors of America Inc FL bought a new stake in Broadstone Net Lease in the second quarter worth about $362,000. Finally, Allworth Financial LP bought a new stake in Broadstone Net Lease in the second quarter worth about $34,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BNL. Truist Financial set a $22.00 price target on Broadstone Net Lease in a report on Monday, June 8th. KeyCorp boosted their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Citizens Jmp downgraded Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research report on Friday, June 12th. Cantor Fitzgerald increased their target price on Broadstone Net Lease from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Broadstone Net Lease has a consensus rating of "Moderate Buy" and a consensus price target of $22.78.

Broadstone Net Lease Trading Down 0.6%

BNL opened at $21.08 on Friday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 27.74 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. The stock has a fifty day moving average price of $21.43 and a 200-day moving average price of $20.25.

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

Broadstone Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.2925 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.6%. Broadstone Net Lease's dividend payout ratio (DPR) is 153.95%.

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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