Landscape Capital Management L.L.C. Has $350,000 Stock Position in Broadstone Net Lease, Inc. (NYSE:BNL)

Landscape Capital Management L.L.C. reduced its position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 70.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,490 shares of the company's stock after selling 44,971 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Broadstone Net Lease were worth $350,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Legato Capital Management LLC acquired a new position in Broadstone Net Lease in the 2nd quarter valued at about $1,404,000. Natixis Advisors LLC boosted its stake in Broadstone Net Lease by 63.2% during the 3rd quarter. Natixis Advisors LLC now owns 114,272 shares of the company's stock valued at $2,165,000 after acquiring an additional 44,264 shares during the last quarter. Sei Investments Co. raised its stake in shares of Broadstone Net Lease by 20.8% in the 2nd quarter. Sei Investments Co. now owns 545,556 shares of the company's stock valued at $8,658,000 after purchasing an additional 94,092 shares in the last quarter. Victory Capital Management Inc. grew its stake in Broadstone Net Lease by 2,302.8% in the second quarter. Victory Capital Management Inc. now owns 1,073,735 shares of the company's stock worth $17,040,000 after purchasing an additional 1,029,048 shares in the last quarter. Finally, Meritage Portfolio Management acquired a new stake in Broadstone Net Lease during the third quarter valued at approximately $5,610,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Performance

Shares of BNL stock traded up $0.15 during trading hours on Monday, hitting $17.40. The company had a trading volume of 347,594 shares, compared to its average volume of 1,155,107. Broadstone Net Lease, Inc. has a 12 month low of $14.20 and a 12 month high of $19.15. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 22.70 and a beta of 1.12. The firm's fifty day moving average is $18.07 and its 200 day moving average is $17.13.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.15). The firm had revenue of $108.40 million during the quarter, compared to the consensus estimate of $106.47 million. Broadstone Net Lease had a net margin of 33.56% and a return on equity of 4.47%. During the same quarter in the previous year, the business posted $0.36 earnings per share. On average, sell-side analysts expect that Broadstone Net Lease, Inc. will post 1.39 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Tuesday, December 31st. Broadstone Net Lease's dividend payout ratio (DPR) is presently 152.63%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BNL shares. UBS Group started coverage on shares of Broadstone Net Lease in a research report on Thursday, November 14th. They set a "neutral" rating and a $18.00 price objective for the company. Truist Financial raised their price target on Broadstone Net Lease from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Friday, August 16th. Wedbush started coverage on Broadstone Net Lease in a research report on Monday, August 19th. They issued an "outperform" rating and a $20.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on Broadstone Net Lease from $14.50 to $16.00 and gave the company a "sell" rating in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $18.20.

About Broadstone Net Lease

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.