10,426 Shares in Broadstone Net Lease, Inc. (NYSE:BNL) Acquired by Versor Investments LP

Versor Investments LP purchased a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNLGet Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,426 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Broadstone Net Lease during the 1st quarter worth approximately $35,000. Bridgefront Capital LLC bought a new position in shares of Broadstone Net Lease during the 4th quarter worth approximately $203,000. Cambria Investment Management L.P. grew its stake in shares of Broadstone Net Lease by 14.3% during the 4th quarter. Cambria Investment Management L.P. now owns 9,600 shares of the company’s stock worth $238,000 after acquiring an additional 1,200 shares in the last quarter. M&T Bank Corp grew its stake in shares of Broadstone Net Lease by 18.1% during the 4th quarter. M&T Bank Corp now owns 10,112 shares of the company’s stock worth $251,000 after acquiring an additional 1,548 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Broadstone Net Lease by 3.8% during the 1st quarter. New York State Teachers Retirement System now owns 13,800 shares of the company’s stock worth $301,000 after acquiring an additional 500 shares in the last quarter. 78.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BNL. Morgan Stanley decreased their price target on shares of Broadstone Net Lease from $25.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Truist Financial decreased their target price on shares of Broadstone Net Lease from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, June 21st. Finally, The Goldman Sachs Group decreased their target price on shares of Broadstone Net Lease from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, June 15th.

Broadstone Net Lease Trading Up 0.6 %

NYSE:BNL opened at $22.67 on Monday. Broadstone Net Lease, Inc. has a 1-year low of $18.96 and a 1-year high of $28.00. The firm has a fifty day simple moving average of $21.11 and a 200 day simple moving average of $21.48. The stock has a market capitalization of $3.84 billion, a PE ratio of 33.84 and a beta of 0.94.

Broadstone Net Lease (NYSE:BNLGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Broadstone Net Lease had a return on equity of 3.86% and a net margin of 27.15%. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, equities analysts predict that Broadstone Net Lease, Inc. will post 1.46 earnings per share for the current fiscal year.

Broadstone Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.27 per share. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, June 29th. This represents a $1.08 annualized dividend and a yield of 4.76%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 161.20%.

Broadstone Net Lease Profile

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BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting.

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Institutional Ownership by Quarter for Broadstone Net Lease (NYSE:BNL)

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