JPMorgan Chase & Co. Has $37.18 Million Holdings in Broadstone Net Lease, Inc. $BNL

Key Points

• JPMorgan Chase & Co. trimmed its stake in Broadstone Net Lease by 2.7%, selling 58,364 shares to hold 2,080,744 shares worth about $37.18 million (≈1.10% of the company) at the end of the quarter.
• Several large institutions — including Balyasny, Norges Bank, Hudson Bay, Boston Partners and American Century — materially increased or initiated positions, leaving 89.07% of the stock held by institutional investors.
• Broadstone missed quarterly EPS expectations (Q: $0.17 vs. $0.37 expected) and set FY2026 guidance of 1.53–1.57 EPS. The company raised its quarterly dividend to $0.2925 ($1.17 annualized, a 6.3% yield) despite a 232% payout ratio, and analysts' average price target is $20.20 (rating: Moderate Buy).

JPMorgan Chase & Co. cut its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,080,744 shares of the company's stock after selling 58,364 shares during the period. JPMorgan Chase & Co. owned about 1.10% of Broadstone Net Lease worth $37,183,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BNL. Balyasny Asset Management L.P. lifted its position in Broadstone Net Lease by 213.2% in the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company's stock worth $69,579,000 after purchasing an additional 2,951,207 shares during the period. Norges Bank acquired a new position in shares of Broadstone Net Lease in the 2nd quarter valued at $39,554,000. Hudson Bay Capital Management LP acquired a new position in shares of Broadstone Net Lease in the 3rd quarter valued at $37,998,000. Boston Partners lifted its holdings in shares of Broadstone Net Lease by 339.0% during the 2nd quarter. Boston Partners now owns 2,079,251 shares of the company's stock worth $33,372,000 after acquiring an additional 1,605,603 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Broadstone Net Lease by 1,640.8% during the 3rd quarter. American Century Companies Inc. now owns 1,355,448 shares of the company's stock valued at $24,222,000 after acquiring an additional 1,277,583 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Down 3.9%

NYSE:BNL opened at $18.61 on Friday. The firm has a market cap of $3.56 billion, a PE ratio of 37.23 and a beta of 0.99. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.91. The company's 50-day moving average price is $18.98 and its two-hundred day moving average price is $18.38.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, research analysts expect that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 6.3%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Broadstone Net Lease's previous quarterly dividend of $0.29. Broadstone Net Lease's dividend payout ratio is presently 232.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BNL. Truist Financial upped their target price on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the company a "hold" rating in a research note on Tuesday, November 25th. UBS Group raised their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday, March 9th. Weiss Ratings lowered Broadstone Net Lease from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. Cantor Fitzgerald increased their target price on Broadstone Net Lease from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded Broadstone Net Lease from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.20.

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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