Broadstone Net Lease, Inc. (NYSE:BNL) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,801 shares of the company's stock after selling 15,992 shares during the quarter. Exchange Traded Concepts LLC owned 0.05% of Broadstone Net Lease worth $1,583,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Broadstone Net Lease by 257.5% during the 3rd 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 in the last quarter. Quarry LP increased 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 purchasing an additional 1,232 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Broadstone Net Lease by 156.5% during the 3rd quarter. Blue Trust Inc. now owns 3,902 shares of the company's stock valued at $74,000 after purchasing an additional 2,381 shares in the last quarter. US Bancorp DE increased 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 valued at $75,000 after purchasing an additional 3,406 shares in the last quarter. Finally, KBC Group NV increased 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 valued at $118,000 after purchasing an additional 1,413 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Broadstone Net Lease Stock Down 0.3 %

Shares of Broadstone Net Lease stock traded down $0.05 during trading hours on Friday, reaching $15.73. 1,927,977 shares of the company's stock were exchanged, compared to its average volume of 1,052,599. Broadstone Net Lease, Inc. has a 1 year low of $14.20 and a 1 year high of $19.15. The company has a market capitalization of $2.97 billion, a P/E ratio of 20.70 and a beta of 1.11. The business has a fifty day moving average of $16.32 and a two-hundred day moving average of $17.37.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.19 earnings per share (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 business had revenue of $108.40 million for the quarter, compared to analysts' expectations of $106.47 million. During the same period in the previous year, the company earned $0.36 EPS. As a group, research analysts predict that Broadstone Net Lease, Inc. will post 1.39 EPS for the current year.

Analyst Upgrades and Downgrades

BNL has been the subject of several recent analyst reports. UBS Group initiated coverage on shares of Broadstone Net Lease in a report on Thursday, November 14th. They issued a "neutral" rating and a $18.00 price target for the company. JMP Securities raised shares of 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. Finally, Citizens Jmp raised shares of Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $18.60.

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.