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

High Probability Advisors LLC trimmed its position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,763 shares of the company's stock after selling 80,444 shares during the quarter. Broadstone Net Lease accounts for approximately 0.3% of High Probability Advisors LLC's portfolio, making the stock its 28th largest holding. High Probability Advisors LLC's holdings in Broadstone Net Lease were worth $1,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in 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 purchasing an additional 1,272 shares during the period. Quarry LP raised its holdings in shares of Broadstone Net Lease by 93.1% during the 2nd quarter. Quarry LP now owns 2,556 shares of the company's stock valued at $41,000 after buying an additional 1,232 shares during the period. Blue Trust Inc. lifted its position 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 acquiring an additional 2,381 shares in the last quarter. US Bancorp DE boosted its holdings in Broadstone Net Lease by 636.6% in the 3rd quarter. US Bancorp DE now owns 3,941 shares of the company's stock worth $75,000 after acquiring an additional 3,406 shares during the period. Finally, KBC Group NV grew its position in Broadstone Net Lease by 29.4% in the third quarter. KBC Group NV now owns 6,220 shares of the company's stock valued at $118,000 after acquiring an additional 1,413 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BNL has been the topic of a number of recent research reports. 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. JMP Securities raised 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. 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 target price for the company. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.60.

Broadstone Net Lease Stock Up 1.0 %

BNL stock traded up $0.16 during midday trading on Friday, reaching $16.01. The company had a trading volume of 1,363,196 shares, compared to its average volume of 934,466. The stock has a 50 day moving average price of $16.43 and a 200 day moving average price of $17.38. The firm has a market capitalization of $3.02 billion, a PE ratio of 21.06 and a beta of 1.11. Broadstone Net Lease, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $108.40 million for the quarter, compared to the consensus estimate of $106.47 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. Research analysts predict that Broadstone Net Lease, Inc. will post 1.39 EPS for the current year.

Broadstone Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date was Tuesday, December 31st. Broadstone Net Lease's payout ratio is 152.63%.

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.