Columbus Macro LLC Invests $6.27 Million in Broadstone Net Lease, Inc. (NYSE:BNL)

Columbus Macro LLC purchased a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 395,271 shares of the company's stock, valued at approximately $6,269,000. Columbus Macro LLC owned 0.21% of Broadstone Net Lease at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BNL. abrdn plc boosted its position in shares of Broadstone Net Lease by 30.6% during the fourth quarter. abrdn plc now owns 49,182 shares of the company's stock valued at $783,000 after buying an additional 11,527 shares during the period. Evermay Wealth Management LLC lifted its stake in shares of Broadstone Net Lease by 2.0% during the 4th quarter. Evermay Wealth Management LLC now owns 50,155 shares of the company's stock worth $798,000 after acquiring an additional 969 shares during the last quarter. North Point Portfolio Managers Corp OH purchased a new position in Broadstone Net Lease during the 4th quarter valued at $405,000. KBC Group NV grew its position in Broadstone Net Lease by 27.0% in the 4th quarter. KBC Group NV now owns 7,901 shares of the company's stock valued at $125,000 after acquiring an additional 1,681 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Broadstone Net Lease by 23.7% in the fourth 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 period. 89.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Broadstone Net Lease Stock Down 1.8 %

BNL stock traded down $0.28 during trading on Friday, hitting $15.52. 1,818,435 shares of the company's stock traded hands, compared to its average volume of 1,060,781. The firm has a market capitalization of $2.93 billion, a P/E ratio of 20.42 and a beta of 1.11. Broadstone Net Lease, Inc. has a 1 year low of $14.20 and a 1 year high of $19.15. The business has a fifty day simple moving average of $16.11 and a two-hundred day simple moving average of $17.31.

Broadstone Net Lease 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.