Invesco Ltd. Purchases 69,041 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

Invesco Ltd. increased its position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,035,938 shares of the company's stock after buying an additional 69,041 shares during the quarter. Invesco Ltd. owned 0.55% of Broadstone Net Lease worth $16,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aew Capital Management L P grew its position in shares of Broadstone Net Lease by 2.3% in the 4th quarter. Aew Capital Management L P now owns 3,135,949 shares of the company's stock worth $49,736,000 after buying an additional 69,690 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Broadstone Net Lease by 30.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 466,782 shares of the company's stock valued at $7,403,000 after acquiring an additional 108,907 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Broadstone Net Lease by 79.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,955 shares of the company's stock worth $705,000 after purchasing an additional 19,839 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Broadstone Net Lease by 15.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,820,961 shares of the company's stock worth $28,880,000 after acquiring an additional 237,083 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Broadstone Net Lease by 234.3% in the 4th quarter. Intech Investment Management LLC now owns 111,588 shares of the company's stock worth $1,770,000 after purchasing an additional 78,205 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Performance

Shares of BNL stock traded down $0.08 during mid-day trading on Friday, hitting $15.87. The company's stock had a trading volume of 111,328 shares, compared to its average volume of 1,162,302. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 18.23 and a beta of 1.03. Broadstone Net Lease, Inc. has a 52-week low of $13.96 and a 52-week high of $19.15. The business has a 50-day moving average price of $16.38 and a 200 day moving average price of $16.61.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.16. The business had revenue of $112.13 million during 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%. Equities research analysts predict that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 7.31%. Broadstone Net Lease's dividend payout ratio (DPR) is 133.33%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the company an "outperform" rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.83.

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.