Public Employees Retirement System of Ohio Purchases 4,466 Shares of Broadstone Net Lease, Inc. $BNL

Public Employees Retirement System of Ohio boosted its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 271,402 shares of the company’s stock after acquiring an additional 4,466 shares during the period. Public Employees Retirement System of Ohio owned 0.14% of Broadstone Net Lease worth $4,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Broadstone Net Lease by 1,466.0% in the 1st quarter. GAMMA Investing LLC now owns 31,711 shares of the company’s stock valued at $540,000 after acquiring an additional 29,686 shares during the period. Jane Street Group LLC increased its position in shares of Broadstone Net Lease by 292.3% during the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after buying an additional 412,604 shares during the period. Meritage Portfolio Management increased its position in shares of Broadstone Net Lease by 33.9% during the first quarter. Meritage Portfolio Management now owns 386,997 shares of the company’s stock valued at $6,594,000 after buying an additional 97,892 shares during the period. LPL Financial LLC increased its position in shares of Broadstone Net Lease by 17.1% during the first quarter. LPL Financial LLC now owns 131,654 shares of the company’s stock valued at $2,243,000 after buying an additional 19,190 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Broadstone Net Lease by 20.6% during the first quarter. Envestnet Asset Management Inc. now owns 543,987 shares of the company’s stock valued at $9,270,000 after buying an additional 92,909 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wolfe Research upgraded Broadstone Net Lease from a “peer perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research report on Monday, July 28th. UBS Group upped their price target on Broadstone Net Lease from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Wall Street Zen cut Broadstone Net Lease from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. The Goldman Sachs Group upgraded Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, August 21st. Finally, KeyCorp upgraded Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.43.

Broadstone Net Lease Trading Down 1.5%

BNL stock opened at $17.86 on Tuesday. The company’s 50 day moving average is $17.55 and its 200 day moving average is $16.62. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 34.34 and a beta of 1.01. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $19.15.

Broadstone Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.16 annualized dividend and a yield of 6.5%. Broadstone Net Lease’s dividend payout ratio is currently 223.08%.

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.