Cbre Investment Management Listed Real Assets LLC Cuts Stock Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Cbre Investment Management Listed Real Assets LLC trimmed its position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 74.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 652,710 shares of the company's stock after selling 1,865,759 shares during the period. Cbre Investment Management Listed Real Assets LLC owned about 0.35% of Broadstone Net Lease worth $10,352,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BNL. Assetmark Inc. boosted its holdings in shares of Broadstone Net Lease by 345.1% during the 4th quarter. Assetmark Inc. now owns 4,464 shares of the company's stock worth $71,000 after purchasing an additional 3,461 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Broadstone Net Lease by 636.6% during the 3rd quarter. US Bancorp DE now owns 3,941 shares of the company's stock worth $75,000 after purchasing an additional 3,406 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Broadstone Net Lease by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock worth $77,000 after purchasing an additional 925 shares during the last quarter. KBC Group NV boosted its holdings in shares of Broadstone Net Lease by 29.4% during the 3rd quarter. KBC Group NV now owns 6,220 shares of the company's stock worth $118,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Broadstone Net Lease by 35.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,314 shares of the company's stock worth $138,000 after purchasing an additional 1,908 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citizens Jmp upgraded Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. JMP Securities upgraded Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 target price on the stock in a report on Tuesday, December 17th. Finally, UBS Group started coverage on shares of Broadstone Net Lease in a research report on Thursday, November 14th. They set a "neutral" rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $18.60.

Broadstone Net Lease Price Performance

Shares of BNL stock traded up $0.11 during trading on Friday, hitting $16.97. 1,413,321 shares of the stock traded hands, compared to its average volume of 1,076,141. The firm has a market capitalization of $3.20 billion, a P/E ratio of 19.50 and a beta of 1.09. The firm's fifty day moving average price is $15.88 and its 200-day moving average price is $17.13. Broadstone Net Lease, Inc. has a 52-week low of $14.20 and a 52-week 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, beating analysts' consensus estimates of $0.20 by $0.16. The company had revenue of $112.13 million for the quarter, compared to analyst estimates of $109.80 million. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. As a group, equities research analysts expect that Broadstone Net Lease, Inc. will post 1.43 earnings per share 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. Shareholders of record on Monday, March 31st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is 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.