12,462 Shares in Broadstone Net Lease, Inc. (NYSE:BNL) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,462 shares of the company’s stock, valued at approximately $198,000.

Several other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Broadstone Net Lease by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 14,276,250 shares of the company’s stock valued at $226,423,000 after acquiring an additional 227,833 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Broadstone Net Lease by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 4,860,444 shares of the company’s stock valued at $77,103,000 after purchasing an additional 15,501 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Broadstone Net Lease by 7.1% in the 4th quarter. Centersquare Investment Management LLC now owns 4,011,419 shares of the company’s stock valued at $63,621,000 after purchasing an additional 265,428 shares during the last quarter. Aew Capital Management L P boosted its holdings in Broadstone Net Lease by 2.3% in the fourth quarter. Aew Capital Management L P now owns 3,135,949 shares of the company’s stock worth $49,736,000 after purchasing an additional 69,690 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Broadstone Net Lease by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,077,513 shares of the company’s stock worth $48,809,000 after buying an additional 71,709 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BNL has been the subject of several recent analyst reports. BMO Capital Markets set a $20.00 price target on Broadstone Net Lease and gave the stock an “outperform” rating in a research note on Monday, March 24th. Truist Financial lifted 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 report on Monday, May 5th. JMP Securities reaffirmed a “market outperform” rating and set a $21.00 price objective on shares of Broadstone Net Lease in a report on Monday, June 2nd. Finally, UBS Group cut their target price 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.67.

Broadstone Net Lease Trading Up 0.4%

Shares of NYSE:BNL opened at $16.19 on Monday. The firm has a market capitalization of $3.06 billion, a PE ratio of 18.61 and a beta of 1.00. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $19.15. The business’s 50 day moving average is $15.88 and its 200-day moving average is $16.20.

Broadstone Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, June 30th. This represents a $1.16 dividend on an annualized basis and a yield of 7.16%. Broadstone Net Lease’s dividend payout ratio is currently 190.16%.

Broadstone Net Lease Company 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.