Pensionfund DSM Netherlands Has $1.90 Million Stock Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Pensionfund DSM Netherlands lowered its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 21.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,000 shares of the company’s stock after selling 33,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Broadstone Net Lease were worth $1,903,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BNL. Xponance Inc. raised its stake in Broadstone Net Lease by 5.1% during the second quarter. Xponance Inc. now owns 11,922 shares of the company’s stock worth $189,000 after acquiring an additional 580 shares in the last quarter. Evermay Wealth Management LLC grew its holdings in shares of Broadstone Net Lease by 1.4% during the 3rd quarter. Evermay Wealth Management LLC now owns 49,186 shares of the company’s stock valued at $937,000 after purchasing an additional 677 shares during the last quarter. Cerity Partners LLC increased its position in Broadstone Net Lease by 2.2% during the 3rd quarter. Cerity Partners LLC now owns 40,480 shares of the company’s stock worth $767,000 after purchasing an additional 886 shares in the last quarter. Stifel Financial Corp lifted its stake in Broadstone Net Lease by 6.5% in the 3rd quarter. Stifel Financial Corp now owns 15,470 shares of the company’s stock valued at $293,000 after purchasing an additional 939 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Broadstone Net Lease by 2.1% in the second quarter. Arizona State Retirement System now owns 52,549 shares of the company’s stock valued at $834,000 after buying an additional 1,086 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on BNL shares. Citizens Jmp upgraded shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their target price on Broadstone Net Lease from $14.50 to $16.00 and gave the company a “sell” rating in a research report on Friday, September 13th. JMP Securities upgraded Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, December 17th. Finally, UBS Group began coverage on shares of Broadstone Net Lease in a report on Thursday, November 14th. They issued a “neutral” rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.60.

Broadstone Net Lease Trading Down 0.8 %

BNL stock traded down $0.12 during mid-day trading on Monday, reaching $15.73. The company’s stock had a trading volume of 179,815 shares, compared to its average volume of 583,605. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 20.70 and a beta of 1.11. Broadstone Net Lease, Inc. has a 12 month low of $14.20 and a 12 month high of $19.15. The business’s 50 day moving average price is $16.97 and its 200 day moving average price is $17.42.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). The company had revenue of $108.40 million for the quarter, compared to analyst estimates of $106.47 million. Broadstone Net Lease had a net margin of 33.56% and a return on equity of 4.47%. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, equities analysts expect that Broadstone Net Lease, Inc. will post 1.39 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date is Tuesday, December 31st. Broadstone Net Lease’s payout ratio is 152.63%.

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.