Strs Ohio Invests $6.25 Million in Broadstone Net Lease, Inc. $BNL

Strs Ohio purchased a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 366,500 shares of the company’s stock, valued at approximately $6,245,000. Strs Ohio owned about 0.19% of Broadstone Net Lease as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management increased its position in Broadstone Net Lease by 2.8% in the 1st quarter. Ritholtz Wealth Management now owns 24,939 shares of the company’s stock valued at $425,000 after acquiring an additional 673 shares in the last quarter. Xponance Inc. grew its holdings in Broadstone Net Lease by 5.3% during the first quarter. Xponance Inc. now owns 14,298 shares of the company’s stock valued at $244,000 after purchasing an additional 721 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in Broadstone Net Lease by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 28,342 shares of the company’s stock valued at $452,000 after purchasing an additional 1,080 shares during the period. State of Alaska Department of Revenue grew its holdings in Broadstone Net Lease by 1.3% during the first quarter. State of Alaska Department of Revenue now owns 91,475 shares of the company’s stock valued at $1,558,000 after purchasing an additional 1,157 shares during the period. Finally, KBC Group NV lifted its stake in Broadstone Net Lease by 15.1% in the first quarter. KBC Group NV now owns 9,094 shares of the company’s stock valued at $155,000 after buying an additional 1,193 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Broadstone Net Lease Trading Up 0.1%

NYSE BNL opened at $18.79 on Monday. The firm’s fifty day moving average price is $17.03 and its two-hundred day moving average price is $16.51. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $19.15. The firm has a market capitalization of $3.55 billion, a P/E ratio of 36.13 and a beta of 1.01.

Broadstone Net Lease Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on BNL shares. Wall Street Zen lowered shares of Broadstone Net Lease from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 price target on shares of Broadstone Net Lease in a research note on Monday, June 2nd. The Goldman Sachs Group raised shares of Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, August 21st. Wolfe Research raised shares of Broadstone Net Lease from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research report on Monday, July 28th. Finally, UBS Group boosted their price objective on shares of Broadstone Net Lease from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.43.

About Broadstone Net Lease

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.