Steward Partners Investment Advisory LLC Grows Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Steward Partners Investment Advisory LLC increased its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 13,015.9% in the fourth quarter, Holdings Channel reports. The firm owned 11,542 shares of the company’s stock after buying an additional 11,454 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Broadstone Net Lease were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Aew Capital Management L P grew its stake in shares of Broadstone Net Lease by 2.3% in the 4th quarter. Aew Capital Management L P now owns 3,135,949 shares of the company’s stock valued at $49,736,000 after purchasing an additional 69,690 shares during the last quarter. Metis Global Partners LLC grew its position in Broadstone Net Lease by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 21,621 shares of the company’s stock valued at $343,000 after buying an additional 2,208 shares during the last quarter. Versor Investments LP increased its stake in Broadstone Net Lease by 14.6% in the 4th quarter. Versor Investments LP now owns 43,872 shares of the company’s stock valued at $696,000 after buying an additional 5,583 shares during the period. Sincerus Advisory LLC purchased a new position in Broadstone Net Lease during the 4th quarter worth $207,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Broadstone Net Lease by 15.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,820,961 shares of the company’s stock worth $28,880,000 after acquiring an additional 237,083 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of 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 research note 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 report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.60.

Broadstone Net Lease Stock Up 2.4 %

NYSE:BNL opened at $17.07 on Friday. Broadstone Net Lease, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $19.15. The firm’s fifty day simple moving average is $16.01 and its 200-day simple moving average is $17.07. The stock has a market cap of $3.22 billion, a PE ratio of 19.61 and a beta of 1.09.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. The company had revenue of $112.13 million for the quarter, compared to analyst estimates of $109.80 million. Equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.29 per share. The ex-dividend date is Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.80%. Broadstone Net Lease’s payout ratio is 133.33%.

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.