BNP Paribas Financial Markets Takes $355,000 Position in Broadstone Net Lease, Inc. (NYSE:BNL)

BNP Paribas Financial Markets bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,392 shares of the company’s stock, valued at approximately $355,000.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. increased its holdings in Broadstone Net Lease by 73,833.3% in the 4th quarter. Federated Hermes Inc. now owns 2,218 shares of the company’s stock valued at $35,000 after acquiring an additional 2,215 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Broadstone Net Lease by 139.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company’s stock worth $43,000 after purchasing an additional 1,592 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Broadstone Net Lease by 192.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,914 shares of the company’s stock worth $46,000 after purchasing an additional 1,918 shares during the last quarter. Quarry LP purchased a new stake in shares of Broadstone Net Lease in the fourth quarter worth about $57,000. Finally, Assetmark Inc. boosted its stake in Broadstone Net Lease by 345.1% during the fourth quarter. Assetmark Inc. now owns 4,464 shares of the company’s stock valued at $71,000 after buying an additional 3,461 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Trading Down 0.0%

Shares of BNL opened at $15.43 on Tuesday. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $19.15. The company’s fifty day simple moving average is $16.07 and its 200-day simple moving average is $16.27. The company has a market cap of $2.92 billion, a P/E ratio of 17.73 and a beta of 1.04.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 7.52%. The ex-dividend date is Monday, June 30th. Broadstone Net Lease’s dividend payout ratio is presently 190.16%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BNL. JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a research note on Monday, May 5th. BMO Capital Markets set a $20.00 target price on shares of Broadstone Net Lease and gave the company an “outperform” rating in a report on Monday, March 24th. Truist Financial upped their price target on shares of Broadstone Net Lease from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, May 5th. Finally, UBS Group lowered their price objective on shares of Broadstone Net Lease from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

Broadstone Net Lease Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.