Landscape Capital Management L.L.C. Grows Stock Position in Broadstone Net Lease, Inc. (NYSE:BNL)

Landscape Capital Management L.L.C. increased its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 107.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,312 shares of the company's stock after acquiring an additional 19,822 shares during the period. Landscape Capital Management L.L.C.'s holdings in Broadstone Net Lease were worth $608,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Aew Capital Management L P increased its stake in Broadstone Net Lease by 2.3% during the fourth quarter. Aew Capital Management L P now owns 3,135,949 shares of the company's stock worth $49,736,000 after purchasing an additional 69,690 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Broadstone Net Lease by 30.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 466,782 shares of the company's stock worth $7,403,000 after acquiring an additional 108,907 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Broadstone Net Lease by 79.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 44,955 shares of the company's stock valued at $705,000 after acquiring 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 valued at $28,880,000 after purchasing an additional 237,083 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Broadstone Net Lease by 234.3% during 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 period. Institutional investors and hedge funds own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BNL. JMP Securities raised Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Tuesday, December 17th. Citizens Jmp raised shares of Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, BMO Capital Markets set a $20.00 target price on Broadstone Net Lease and gave the company an "outperform" rating in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.83.

Broadstone Net Lease Price Performance

Shares of BNL traded down $0.05 during midday trading on Friday, reaching $14.85. 248,315 shares of the stock were exchanged, compared to its average volume of 1,158,634. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $19.15. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 17.07 and a beta of 1.03. The business's 50-day moving average price is $16.30 and its 200 day moving average price is $16.79.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. The business had revenue of $112.13 million during the quarter, compared to the consensus estimate of $109.80 million. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. As a group, equities research analysts expect that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 7.81%. Broadstone Net Lease's dividend payout ratio is presently 133.33%.

Broadstone Net Lease Company 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.