AlphaQuest LLC Acquires Shares of 26,315 Broadstone Net Lease, Inc. (NYSE:BNL)

AlphaQuest LLC acquired a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,315 shares of the company's stock, valued at approximately $417,000.

A number of other large investors have also modified their holdings of the company. US Bancorp DE increased its stake in shares of Broadstone Net Lease by 636.6% in the third quarter. US Bancorp DE now owns 3,941 shares of the company's stock valued at $75,000 after purchasing an additional 3,406 shares during the period. Assetmark Inc. increased its position in Broadstone Net Lease by 345.1% in the 4th quarter. Assetmark Inc. now owns 4,464 shares of the company's stock valued at $71,000 after acquiring an additional 3,461 shares during the period. Blue Trust Inc. raised its stake in Broadstone Net Lease by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock valued at $77,000 after acquiring an additional 925 shares in the last quarter. KBC Group NV boosted its position in Broadstone Net Lease by 29.4% during the 3rd quarter. KBC Group NV now owns 6,220 shares of the company's stock worth $118,000 after acquiring an additional 1,413 shares during the period. Finally, FMR LLC grew its stake in shares of Broadstone Net Lease by 84.0% in the third quarter. FMR LLC now owns 9,992 shares of the company's stock worth $189,000 after purchasing an additional 4,562 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

BNL has been the topic of a number of recent analyst reports. 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 upgraded shares of Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.60.

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Broadstone Net Lease Stock Up 0.3 %

Broadstone Net Lease stock traded up $0.05 during midday trading on Monday, hitting $17.11. The company's stock had a trading volume of 984,602 shares, compared to its average volume of 1,063,217. Broadstone Net Lease, Inc. has a 12 month low of $14.21 and a 12 month high of $19.15. The stock's 50-day moving average price is $16.01 and its 200-day moving average price is $17.07. The company has a market capitalization of $3.23 billion, a PE ratio of 19.66 and a beta of 1.09.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.16. The business had revenue of $112.13 million for the quarter, compared to the consensus estimate of $109.80 million. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. As a group, equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Monday, March 31st. Broadstone Net Lease's dividend payout ratio is presently 133.33%.

About Broadstone Net Lease

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.