Asset Management One Co. Ltd. Acquires 1,381 Shares of Broadstone Net Lease, Inc. $BNL

Asset Management One Co. Ltd. increased its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 0.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 374,475 shares of the company’s stock after buying an additional 1,381 shares during the period. Asset Management One Co. Ltd. owned about 0.20% of Broadstone Net Lease worth $6,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in BNL. Allspring Global Investments Holdings LLC increased its position in shares of Broadstone Net Lease by 27.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 57,239 shares of the company’s stock worth $979,000 after purchasing an additional 12,284 shares in the last quarter. KBC Group NV increased its position in shares of Broadstone Net Lease by 15.1% during the first quarter. KBC Group NV now owns 9,094 shares of the company’s stock worth $155,000 after purchasing an additional 1,193 shares in the last quarter. 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 worth $6,594,000 after purchasing an additional 97,892 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Broadstone Net Lease by 21.0% during the first quarter. Penserra Capital Management LLC now owns 64,827 shares of the company’s stock worth $1,104,000 after purchasing an additional 11,272 shares in the last quarter. 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 worth $9,270,000 after purchasing an additional 92,909 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Price Performance

NYSE BNL opened at $18.51 on Wednesday. The stock’s fifty day moving average price is $18.42 and its 200 day moving average price is $16.92. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $18.87. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 35.59 and a beta of 1.00.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BNL shares. UBS Group upped their price target on Broadstone Net Lease from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Wolfe Research raised 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. Wall Street Zen downgraded Broadstone Net Lease from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of Broadstone Net Lease in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on Broadstone Net Lease in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.89.

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.