State of Alaska Department of Revenue Increases Stake in Broadstone Net Lease, Inc. (NYSE:BNL)

State of Alaska Department of Revenue grew its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 90,318 shares of the company’s stock after purchasing an additional 882 shares during the period. State of Alaska Department of Revenue’s holdings in Broadstone Net Lease were worth $1,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BNL. Brookfield Corp ON purchased a new position in shares of Broadstone Net Lease during the third quarter valued at $18,444,000. Wellington Management Group LLP purchased a new position in shares of Broadstone Net Lease during the third quarter valued at $12,574,000. Systematic Financial Management LP boosted its position in Broadstone Net Lease by 298.1% during the third quarter. Systematic Financial Management LP now owns 747,706 shares of the company’s stock valued at $14,169,000 after purchasing an additional 559,906 shares in the last quarter. Columbus Macro LLC bought a new stake in Broadstone Net Lease during the fourth quarter valued at about $6,269,000. Finally, Victory Capital Management Inc. boosted its position in Broadstone Net Lease by 35.5% during the third quarter. Victory Capital Management Inc. now owns 1,454,507 shares of the company’s stock valued at $27,563,000 after purchasing an additional 380,772 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

BNL has been the topic of a number of recent research reports. Citizens Jmp raised Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JMP Securities raised Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Tuesday, December 17th. Finally, UBS Group initiated coverage on Broadstone Net Lease in a research report on Thursday, November 14th. They set a “neutral” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Broadstone Net Lease currently has a consensus rating of “Hold” and a consensus target price of $18.60.

Broadstone Net Lease Trading Down 1.8 %

NYSE:BNL opened at $15.21 on Thursday. Broadstone Net Lease, Inc. has a twelve month low of $14.20 and a twelve month high of $19.15. The company has a market cap of $2.87 billion, a PE ratio of 20.01 and a beta of 1.11. The company’s 50 day moving average is $16.00 and its two-hundred day moving average is $17.25.

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.