Broadstone Net Lease, Inc. (NYSE:BNL) Shares Sold by Sage Advisors LLC

Sage Advisors LLC lowered its position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 915,996 shares of the company's stock after selling 16,740 shares during the period. Broadstone Net Lease accounts for 10.9% of Sage Advisors LLC's portfolio, making the stock its 3rd largest holding. Sage Advisors LLC owned about 0.49% of Broadstone Net Lease worth $14,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Broadstone Net Lease by 257.5% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock valued at $33,000 after buying an additional 1,272 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in Broadstone Net Lease in the 3rd quarter valued at about $354,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Broadstone Net Lease by 18.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,914 shares of the company's stock worth $775,000 after acquiring an additional 6,459 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Broadstone Net Lease by 156.5% during the third quarter. Blue Trust Inc. now owns 3,902 shares of the company's stock worth $74,000 after purchasing an additional 2,381 shares in the last quarter. Finally, WJ Interests LLC bought a new stake in shares of Broadstone Net Lease during the third quarter valued at approximately $301,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Down 0.6 %

Shares of Broadstone Net Lease stock traded down $0.10 during trading on Wednesday, reaching $15.59. 814,322 shares of the company were exchanged, compared to its average volume of 1,043,063. The business has a 50-day moving average price of $15.84 and a 200-day moving average price of $17.18. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 20.51 and a beta of 1.11. Broadstone Net Lease, Inc. has a twelve month low of $14.20 and a twelve month high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.16. Broadstone Net Lease had a return on equity of 4.47% and a net margin of 33.56%. On average, equities research analysts forecast that Broadstone Net Lease, Inc. will post 1.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.