Victory Capital Management Inc. Has $27.96 Million Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Victory Capital Management Inc. raised its holdings in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 21.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,762,625 shares of the company's stock after buying an additional 308,118 shares during the quarter. Victory Capital Management Inc. owned approximately 0.93% of Broadstone Net Lease worth $27,955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BNL. Charles Schwab Investment Management Inc. increased its stake in Broadstone Net Lease by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,077,513 shares of the company's stock worth $48,809,000 after acquiring an additional 71,709 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Broadstone Net Lease by 13,015.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,542 shares of the company's stock worth $183,000 after purchasing an additional 11,454 shares in the last quarter. Aew Capital Management L P increased its position in Broadstone Net Lease by 2.3% during the 4th quarter. Aew Capital Management L P now owns 3,135,949 shares of the company's stock worth $49,736,000 after purchasing an additional 69,690 shares in the last quarter. Metis Global Partners LLC raised its holdings in Broadstone Net Lease by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 21,621 shares of the company's stock valued at $343,000 after buying an additional 2,208 shares during the period. Finally, Versor Investments LP grew its stake in Broadstone Net Lease by 14.6% during the fourth quarter. Versor Investments LP now owns 43,872 shares of the company's stock worth $696,000 after buying an additional 5,583 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BNL shares. UBS Group assumed coverage on Broadstone Net Lease in a research note on Thursday, November 14th. They issued a "neutral" rating and a $18.00 target price for the company. JMP Securities upgraded shares of Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 price objective on the stock in a research note on Tuesday, December 17th. Finally, Citizens Jmp raised shares of Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.60.

Broadstone Net Lease Price Performance

BNL traded up $0.41 on Friday, hitting $17.07. The company had a trading volume of 938,459 shares, compared to its average volume of 1,117,164. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 19.61 and a beta of 1.09. The company's fifty day moving average price is $15.96 and its 200 day moving average price is $17.10. Broadstone Net Lease, Inc. has a 1-year low of $14.20 and a 1-year high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its earnings results 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. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. The business had revenue of $112.13 million for the quarter, compared to analyst estimates of $109.80 million. On average, sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date is Monday, March 31st. Broadstone Net Lease's dividend payout ratio (DPR) is currently 133.33%.

Broadstone Net Lease Company Profile

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.