BlackRock Amends Broadstone Net Lease Stake to 9.0%
Ticker: BNL · Form: SC 13G/A · Filed: Jan 8, 2024 · CIK: 1424182
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, passive-investment
TL;DR
**BlackRock still a major holder of Broadstone Net Lease, now at 9.0%.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 8, 2024, disclosing its ownership in Broadstone Net Lease, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 15,364,064 shares of Broadstone Net Lease's Common Stock, representing 9.0% of the company's outstanding shares. This is an amendment to a previous filing, indicating a change in BlackRock's stake, which matters to investors as BlackRock is a major institutional holder and its movements can signal confidence or concern in the stock.
Why It Matters
BlackRock's significant 9.0% ownership in Broadstone Net Lease, Inc. means a major institutional investor has a vested interest, and any future changes in their holdings could influence the stock price and investor sentiment.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investor's continued significant stake, which generally provides stability rather than introducing new risks.
Analyst Insight
Investors should note BlackRock's continued substantial holding, which suggests a long-term institutional interest in Broadstone Net Lease, Inc. Monitor future 13G/A filings for any significant changes in BlackRock's position, as large sales could signal a shift in their outlook.
Key Numbers
- 15,364,064 — Shares Beneficially Owned (BlackRock's total shares of Broadstone Net Lease, Inc. Common Stock)
- 9.0% — Percentage of Class (BlackRock's ownership percentage of Broadstone Net Lease, Inc. Common Stock)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Broadstone Net Lease, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 8, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will likely maintain a significant stake in Broadstone Net Lease, Inc. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 2) by BlackRock Inc. to report its beneficial ownership of Common Stock in Broadstone Net Lease, Inc. as of December 31, 2023, under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock Inc., a major asset management firm based at 50 Hudson Yards, New York, NY.
What is the subject company and its CUSIP number?
The subject company is Broadstone Net Lease, Inc., and the CUSIP number for its Common Stock is 11135E203.
What percentage of Broadstone Net Lease, Inc. Common Stock does BlackRock Inc. beneficially own?
As of December 31, 2023, BlackRock Inc. beneficially owns 9.0% of the Common Stock of Broadstone Net Lease, Inc.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 8, 2024 regarding Broadstone Net Lease, Inc. (BNL).