Amundi Buys 5,429 Shares of Broadstone Net Lease, Inc. $BNL

Amundi increased its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,388 shares of the company’s stock after buying an additional 5,429 shares during the quarter. Amundi’s holdings in Broadstone Net Lease were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in BNL. BNP Paribas Financial Markets acquired a new position in shares of Broadstone Net Lease in the fourth quarter valued at approximately $355,000. Bank of America Corp DE increased its stake in shares of Broadstone Net Lease by 161.0% in the fourth quarter. Bank of America Corp DE now owns 761,471 shares of the company’s stock valued at $12,077,000 after buying an additional 469,733 shares during the period. Deutsche Bank AG increased its stake in shares of Broadstone Net Lease by 27.4% in the fourth quarter. Deutsche Bank AG now owns 245,444 shares of the company’s stock valued at $3,893,000 after buying an additional 52,718 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of Broadstone Net Lease in the fourth quarter valued at approximately $183,000. Finally, Lazard Asset Management LLC increased its stake in shares of Broadstone Net Lease by 34.1% in the fourth quarter. Lazard Asset Management LLC now owns 76,592 shares of the company’s stock valued at $1,214,000 after buying an additional 19,467 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BNL. Wall Street Zen downgraded Broadstone Net Lease from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Wolfe Research raised Broadstone Net Lease from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research note on Monday, July 28th. JMP Securities reissued a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a research report on Monday, June 2nd. UBS Group increased their target price on shares of Broadstone Net Lease from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Finally, KeyCorp raised shares of Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.43.

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $18.79 on Friday. The company has a market capitalization of $3.55 billion, a PE ratio of 36.13 and a beta of 1.01. Broadstone Net Lease, Inc. has a fifty-two week low of $13.96 and a fifty-two week high of $19.15. The company has a 50 day simple moving average of $17.03 and a two-hundred day simple moving average of $16.51.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 6.2%. Broadstone Net Lease’s dividend payout ratio (DPR) is 223.08%.

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.