Intech Investment Management LLC Has $1.77 Million Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Intech Investment Management LLC increased its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 234.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,588 shares of the company's stock after buying an additional 78,205 shares during the quarter. Intech Investment Management LLC owned 0.06% of Broadstone Net Lease worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BNL. Brookfield Corp ON acquired a new stake in Broadstone Net Lease during the 3rd quarter worth about $18,444,000. Wellington Management Group LLP acquired a new stake in shares of Broadstone Net Lease during the third quarter worth approximately $12,574,000. Systematic Financial Management LP grew its position in Broadstone Net Lease by 298.1% during the third quarter. Systematic Financial Management LP now owns 747,706 shares of the company's stock valued at $14,169,000 after purchasing an additional 559,906 shares in the last quarter. Columbus Macro LLC acquired a new position in Broadstone Net Lease in the 4th quarter valued at approximately $6,269,000. Finally, Thrivent Financial for Lutherans increased its stake in Broadstone Net Lease by 220.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 538,743 shares of the company's stock valued at $8,545,000 after buying an additional 370,598 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BNL shares. JMP Securities raised 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 research note on Tuesday, December 17th. 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, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.60.

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Broadstone Net Lease Stock Down 2.2 %

Shares of BNL traded down $0.38 during mid-day trading on Tuesday, hitting $16.82. 3,415,953 shares of the company's stock were exchanged, compared to its average volume of 1,058,968. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 19.33 and a beta of 1.09. The firm has a fifty day moving average of $16.20 and a two-hundred day moving average of $17.02. Broadstone Net Lease, Inc. has a twelve month low of $14.21 and a twelve month high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $112.13 million for the quarter, compared to the consensus estimate of $109.80 million. On average, equities analysts predict that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date 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.