Barclays PLC Purchases 321,668 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

Barclays PLC lifted its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 101.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 639,810 shares of the company's stock after acquiring an additional 321,668 shares during the quarter. Barclays PLC owned approximately 0.34% of Broadstone Net Lease worth $10,147,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BNL. Norges Bank bought a new position in Broadstone Net Lease during the fourth quarter worth about $36,170,000. Bank of Montreal Can lifted its stake in shares of Broadstone Net Lease by 603.9% during the 4th quarter. Bank of Montreal Can now owns 1,891,881 shares of the company's stock valued at $30,005,000 after buying an additional 1,623,098 shares in the last quarter. Columbus Macro LLC bought a new position in Broadstone Net Lease in the 4th quarter worth approximately $6,269,000. Envestnet Asset Management Inc. grew its stake in Broadstone Net Lease by 654.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 451,078 shares of the company's stock valued at $7,154,000 after buying an additional 391,320 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Broadstone Net Lease by 220.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 538,743 shares of the company's stock valued at $8,545,000 after acquiring an additional 370,598 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a $20.00 price target on Broadstone Net Lease and gave the stock an "outperform" rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Broadstone Net Lease has a consensus rating of "Moderate Buy" and an average price target of $18.83.

Broadstone Net Lease Trading Up 1.3 %

Broadstone Net Lease stock opened at $16.15 on Wednesday. The firm's 50 day simple moving average is $16.35 and its 200 day simple moving average is $16.63. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $19.15. The firm has a market capitalization of $3.05 billion, a PE ratio of 18.57 and a beta of 1.03.

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

Broadstone Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.18%. The ex-dividend date of this dividend was Monday, March 31st. Broadstone Net Lease's payout ratio is 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.

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