Quantinno Capital Management LP Increases Stock Holdings in Broadstone Net Lease, Inc. $BNL

Key Points

• Quantinno Capital Management increased its Broadstone Net Lease stake by 164.8% in the first quarter, owning 91,618 shares valued at approximately $1.67 million. Institutional investors collectively own 89.07% of BNL’s outstanding stock.
• Analysts maintain a generally positive view, with seven Buy ratings and four Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $22.78.
• Broadstone Net Lease reported quarterly EPS of $0.21, beating estimates by $0.02, and declared a quarterly dividend of $0.2925 per share, representing a 5.6% annualized yield.

Quantinno Capital Management LP boosted its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 164.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,618 shares of the company's stock after buying an additional 57,021 shares during the period. Quantinno Capital Management LP's holdings in Broadstone Net Lease were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in shares of Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company's stock worth $35,000 after acquiring an additional 600 shares during the last quarter. Advisory Services Network LLC acquired a new position in Broadstone Net Lease during the 3rd quarter valued at approximately $61,000. EverSource Wealth Advisors LLC raised its holdings in shares of Broadstone Net Lease by 80.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company's stock worth $68,000 after buying an additional 1,906 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Broadstone Net Lease by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company's stock worth $96,000 after buying an additional 1,385 shares during the period. Finally, KBC Group NV increased its position in shares of Broadstone Net Lease by 38.1% in the 1st quarter. KBC Group NV now owns 7,352 shares of the company's stock valued at $134,000 after acquiring an additional 2,028 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BNL has been the topic of several research analyst reports. KeyCorp boosted their price target on Broadstone Net Lease from $20.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a research note on Monday, June 8th. Citigroup cut shares of Broadstone Net Lease from a "market perform" rating to a "market perform" rating in a report on Friday, June 12th. Citizens Jmp downgraded Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research report on Friday, June 12th. Finally, Cantor Fitzgerald boosted their price objective on Broadstone Net Lease from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Broadstone Net Lease currently has a consensus rating of "Moderate Buy" and an average price target of $22.78.

Broadstone Net Lease Stock Performance

Shares of Broadstone Net Lease stock opened at $21.05 on Thursday. The firm has a 50-day simple moving average of $21.38 and a two-hundred day simple moving average of $20.12. Broadstone Net Lease, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $23.10. The company has a market cap of $4.04 billion, a P/E ratio of 27.70 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $122.31 million during the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Equities research analysts forecast that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease's dividend payout ratio (DPR) is presently 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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