Moran Wealth Management LLC Buys New Stake in Broadstone Net Lease, Inc. $BNL

by · The Markets Daily

Moran Wealth Management LLC bought a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 116,917 shares of the company’s stock, valued at approximately $2,136,000.

Several other hedge funds also recently bought and sold shares of BNL. Apollon Wealth Management LLC raised its holdings in shares of Broadstone Net Lease by 781.6% in the first quarter. Apollon Wealth Management LLC now owns 958,843 shares of the company’s stock worth $17,518,000 after acquiring an additional 850,080 shares during the last quarter. Columbus Macro LLC increased its position in Broadstone Net Lease by 23.2% during the 1st quarter. Columbus Macro LLC now owns 833,131 shares of the company’s stock worth $15,221,000 after purchasing an additional 156,770 shares in the last quarter. BTC Capital Management Inc. raised its stake in Broadstone Net Lease by 15.8% in the 1st quarter. BTC Capital Management Inc. now owns 267,018 shares of the company’s stock valued at $4,877,000 after purchasing an additional 36,465 shares during the last quarter. Prairiewood Capital LLC raised its stake in Broadstone Net Lease by 4.6% in the 1st quarter. Prairiewood Capital LLC now owns 411,643 shares of the company’s stock valued at $7,521,000 after purchasing an additional 18,096 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Broadstone Net Lease by 47.1% in the 4th quarter. Hsbc Holdings PLC now owns 368,825 shares of the company’s stock valued at $6,402,000 after purchasing an additional 118,178 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

BNL has been the topic of several analyst reports. 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 raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Finally, Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a research note on Monday, June 8th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.78.

Check Out Our Latest Analysis on Broadstone Net Lease

Broadstone Net Lease Trading Down 0.1%

NYSE BNL opened at $21.24 on Monday. The business’s 50-day moving average price is $20.43 and its 200 day moving average price is $19.35. Broadstone Net Lease, Inc. has a twelve month low of $15.67 and a twelve month high of $21.50. The company has a market capitalization of $4.07 billion, a PE ratio of 32.67 and a beta of 0.94.

Broadstone Net Lease (NYSE:BNL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities analysts predict that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.2925 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

About Broadstone Net Lease

(Free Report)

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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