Goldman Sachs Amends Broadstone Net Lease Stake
Ticker: BNL · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 1424182
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, beneficial-ownership
TL;DR
**Goldman Sachs updated its Broadstone Net Lease ownership, signaling continued institutional interest.**
AI Summary
Goldman Sachs Group Inc. filed an amended Schedule 13G/A on February 2, 2024, indicating a change in their beneficial ownership of Broadstone Net Lease, Inc. common stock as of December 29, 2023. This filing, an amendment to a previous disclosure, shows that Goldman Sachs continues to hold a significant stake in Broadstone Net Lease, a real estate investment trust. This matters to investors because large institutional holdings by firms like Goldman Sachs can signal confidence in the company's future, potentially influencing stock price and market perception.
Why It Matters
This filing updates Goldman Sachs's reported ownership in Broadstone Net Lease, providing transparency on a major institutional investor's position, which can impact market sentiment for the stock.
Risk Assessment
Risk Level: low — This is a routine amendment to a beneficial ownership filing and does not inherently indicate a significant new risk or opportunity.
Analyst Insight
An investor should note Goldman Sachs's continued involvement as a large shareholder, but this filing alone doesn't provide enough detail to warrant immediate action beyond monitoring future ownership changes and Broadstone's performance.
Key Numbers
- 11135E203 — CUSIP Number (identifies Broadstone Net Lease, Inc. common stock)
- 005-91707 — SEC File Number (identifies Broadstone Net Lease, Inc. with the SEC)
Key Players & Entities
- Goldman Sachs Group Inc. (company) — the entity filing the SC 13G/A
- Broadstone Net Lease, Inc. (company) — the issuer of the securities
- December 29, 2023 (date) — the date of the event requiring the filing
- February 2, 2024 (date) — the filing date of the SC 13G/A
- $0.00025 (dollar_amount) — par value of Broadstone Net Lease common stock
Forward-Looking Statements
- Goldman Sachs will maintain a significant, but potentially fluctuating, stake in Broadstone Net Lease, Inc. throughout 2024. (Goldman Sachs Group Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934, as stated on the first page of the filing.
Who is the 'Name of Issuer' in this filing?
The 'Name of Issuer' is Broadstone Net Lease, Inc., as clearly stated on the first page of the Schedule 13G.
What is the CUSIP Number for the securities mentioned?
The CUSIP Number for the Common Stock, par value $0.00025, of Broadstone Net Lease, Inc. is 11135E203, as listed on the first page of the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as specified on the first page of the Schedule 13G.
Which rule under the Securities Exchange Act of 1934 is designated for this filing?
The filing designates Rule 13d-1(b) as the rule under which this Schedule is filed, indicated by the 'X' in the appropriate box on the first page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 2, 2024 regarding Broadstone Net Lease, Inc. (BNL).