Barclays PLC Acquires 180,456 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

Barclays PLC boosted its holdings in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 131.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 318,142 shares of the company's stock after acquiring an additional 180,456 shares during the period. Barclays PLC owned 0.17% of Broadstone Net Lease worth $6,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Broadstone Net Lease by 257.5% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $33,000 after acquiring an additional 1,272 shares during the last quarter. Quarry LP increased its stake in shares of Broadstone Net Lease by 93.1% during the second quarter. Quarry LP now owns 2,556 shares of the company's stock worth $41,000 after purchasing an additional 1,232 shares during the period. Blue Trust Inc. lifted its holdings in Broadstone Net Lease by 156.5% during the 3rd quarter. Blue Trust Inc. now owns 3,902 shares of the company's stock worth $74,000 after purchasing an additional 2,381 shares during the last quarter. US Bancorp DE boosted its stake in Broadstone Net Lease by 636.6% in the 3rd 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. Finally, KBC Group NV grew its holdings in Broadstone Net Lease by 29.4% in the 3rd quarter. KBC Group NV now owns 6,220 shares of the company's stock valued at $118,000 after buying an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citizens Jmp raised Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday. JMP Securities upgraded shares of Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 price objective for the company in a research note on Tuesday. UBS Group assumed 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. Finally, The Goldman Sachs Group raised their target price on shares of Broadstone Net Lease from $14.50 to $16.00 and gave the stock a "sell" rating in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $18.60.

Broadstone Net Lease Stock Up 1.3 %

Shares of BNL traded up $0.21 during midday trading on Friday, hitting $16.07. The company's stock had a trading volume of 4,145,190 shares, compared to its average volume of 1,163,793. Broadstone Net Lease, Inc. has a one year low of $14.20 and a one year high of $19.15. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 21.15 and a beta of 1.10. The company's fifty day simple moving average is $17.49 and its two-hundred day simple moving average is $17.34.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.15). Broadstone Net Lease had a return on equity of 4.47% and a net margin of 33.56%. The business had revenue of $108.40 million for the quarter, compared to analyst estimates of $106.47 million. During the same period in the previous year, the firm posted $0.36 EPS. On average, research analysts predict that Broadstone Net Lease, Inc. will post 1.39 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 7.22%. Broadstone Net Lease's dividend payout ratio is currently 152.63%.

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.