Greenland Capital Management LP Invests $281,000 in Broadstone Net Lease, Inc. (NYSE:BNL)

Greenland Capital Management LP acquired a new stake in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,696 shares of the company's stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BNL. Federated Hermes Inc. lifted its holdings in shares of Broadstone Net Lease by 73,833.3% in the fourth quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock valued at $35,000 after purchasing an additional 2,215 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Broadstone Net Lease by 139.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock valued at $43,000 after acquiring an additional 1,592 shares in the last quarter. Assetmark Inc. lifted its stake in Broadstone Net Lease by 345.1% in the 4th quarter. Assetmark Inc. now owns 4,464 shares of the company's stock valued at $71,000 after acquiring an additional 3,461 shares in the last quarter. Blue Trust Inc. boosted its position in 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 acquiring an additional 925 shares during the last quarter. Finally, FIL Ltd grew its stake in shares of Broadstone Net Lease by 46.1% during the 4th quarter. FIL Ltd now owns 6,663 shares of the company's stock worth $106,000 after acquiring an additional 2,102 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BNL has been the subject of several recent research reports. JMP Securities upgraded shares of Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 target price for the company in a report on Tuesday, December 17th. BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the stock an "outperform" rating in a research note on Monday, March 24th. Finally, Citizens Jmp raised 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, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.83.

Broadstone Net Lease Stock Up 2.3 %

Shares of BNL stock traded up $0.35 during trading on Monday, reaching $15.42. 212,415 shares of the company's stock were exchanged, compared to its average volume of 1,327,136. The stock has a market capitalization of $2.91 billion, a PE ratio of 17.72 and a beta of 1.03. The firm's fifty day moving average price is $16.29 and its 200-day moving average price is $16.75. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating 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. As a group, analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend is Monday, March 31st. Broadstone Net Lease's payout ratio is 133.33%.

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.