Apollon Wealth Management LLC Has $2.21 Million Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Apollon Wealth Management LLC decreased its position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,627 shares of the company's stock after selling 69,528 shares during the period. Apollon Wealth Management LLC owned about 0.07% of Broadstone Net Lease worth $2,214,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its position in Broadstone Net Lease by 63.2% during the 3rd quarter. Natixis Advisors LLC now owns 114,272 shares of the company's stock worth $2,165,000 after acquiring an additional 44,264 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Broadstone Net Lease by 30.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 466,782 shares of the company's stock worth $7,403,000 after buying an additional 108,907 shares in the last quarter. Meritage Portfolio Management acquired a new position in Broadstone Net Lease during the 3rd quarter worth $5,610,000. Intech Investment Management LLC acquired a new position in Broadstone Net Lease during the 3rd quarter worth $633,000. Finally, Stifel Financial Corp lifted its holdings in Broadstone Net Lease by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 15,470 shares of the company's stock worth $293,000 after buying an additional 939 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BNL. UBS Group began coverage on Broadstone Net Lease in a report on Thursday, November 14th. They set a "neutral" rating and a $18.00 price objective on the stock. Citizens Jmp raised Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, 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 analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Broadstone Net Lease presently has an average rating of "Hold" and an average price target of $18.60.

Broadstone Net Lease Price Performance

Shares of BNL stock traded up $0.41 during trading hours on Thursday, reaching $15.62. The company had a trading volume of 1,160,180 shares, compared to its average volume of 1,040,720. The company has a 50 day moving average of $15.97 and a 200 day moving average of $17.24. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 20.55 and a beta of 1.11. Broadstone Net Lease, Inc. has a 1-year low of $14.20 and a 1-year high of $19.15.

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.