Strs Ohio Purchases 199,700 Shares of Broadstone Net Lease, Inc. $BNL

Key Points

• Strs Ohio increased its stake in Broadstone Net Lease (NYSE:BNL) by 48.7%, buying 199,700 shares to own 610,100 shares (~0.32%) valued at about $10.6 million at quarter-end.
• Broadstone declared a quarterly dividend of $0.2925 (annualized $1.17), representing about a 6.0% yield with record/ex-dividend dates on June 30 and payment on July 15, while the payout ratio is roughly 180%.
• Analysts hold a consensus “Moderate Buy” (nine Buys, two Holds) with a $20.33 price target; the company beat Q results ($0.24 vs. $0.18) and set FY2026 EPS guidance of 1.530–1.570.

Strs Ohio lifted its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 48.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 610,100 shares of the company's stock after buying an additional 199,700 shares during the quarter. Strs Ohio owned approximately 0.32% of Broadstone Net Lease worth $10,597,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Strategic Advocates LLC purchased a new stake in shares of Broadstone Net Lease during the 3rd quarter worth $30,000. Advisory Services Network LLC purchased a new position in Broadstone Net Lease in the third quarter valued at about $61,000. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 1,906 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position 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 valued at $96,000 after buying an additional 1,385 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Broadstone Net Lease by 15.2% during the third quarter. Covestor Ltd now owns 5,928 shares of the company's stock valued at $106,000 after buying an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BNL shares. Weiss Ratings raised shares of Broadstone Net Lease from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, April 6th. Cantor Fitzgerald raised their target price on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Monday. UBS Group lifted their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, March 9th. Finally, Wall Street Zen upgraded Broadstone Net Lease from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $20.33.

Broadstone Net Lease Stock Down 1.2%

Shares of Broadstone Net Lease stock opened at $19.41 on Tuesday. The company has a 50 day moving average price of $19.32 and a 200 day moving average price of $18.59. The firm has a market capitalization of $3.72 billion, a P/E ratio of 29.86 and a beta of 0.96. Broadstone Net Lease, Inc. has a 52 week low of $15.28 and a 52 week high of $20.48.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The company had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, research analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 6.0%. Broadstone Net Lease's payout ratio is currently 180.00%.

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.

Want to see what other hedge funds are holding BNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadstone Net Lease, Inc. (NYSE:BNL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.