Massachusetts Financial Services Co. MA trimmed its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,957,017 shares of the company's stock after selling 22,578 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.57% of Broadstone Net Lease worth $46,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of Broadstone Net Lease by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 90,318 shares of the company's stock valued at $1,432,000 after acquiring an additional 882 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Broadstone Net Lease by 2.2% during the fourth quarter. Corient Private Wealth LLC now owns 41,892 shares of the company's stock worth $664,000 after purchasing an additional 907 shares during the last quarter. Blue Trust Inc. lifted its position in Broadstone Net Lease by 23.7% during the fourth quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock valued at $77,000 after purchasing an additional 925 shares during the period. Stifel Financial Corp boosted its holdings in Broadstone Net Lease by 6.5% in the third quarter. Stifel Financial Corp now owns 15,470 shares of the company's stock valued at $293,000 after purchasing an additional 939 shares during the last quarter. Finally, Evermay Wealth Management LLC lifted its holdings in shares of Broadstone Net Lease by 2.0% in the 4th quarter. Evermay Wealth Management LLC now owns 50,155 shares of the company's stock valued at $798,000 after buying an additional 969 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.
Broadstone Net Lease Trading Down 4.6 %
BNL stock traded down $0.70 during trading on Thursday, reaching $14.66. 331,436 shares of the stock were exchanged, compared to its average volume of 1,154,659. The business has a 50 day moving average price of $16.31 and a 200-day moving average price of $16.81. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $19.15. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 16.90 and a beta of 1.03.
Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.16. The firm had revenue of $112.13 million for 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%. On average, research analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.
Broadstone Net Lease Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Monday, March 31st. Broadstone Net Lease's dividend payout ratio is currently 133.33%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on BNL. BMO Capital Markets set a $20.00 price target on Broadstone Net Lease and gave the company an "outperform" rating in a research report on Monday, March 24th. Citizens Jmp upgraded shares of Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, JMP Securities upgraded shares of Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Broadstone Net Lease currently has an average rating of "Moderate Buy" and an average price target of $18.83.
Check Out Our Latest Stock Report on Broadstone Net Lease
About Broadstone Net Lease
(
Free Report)
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.
Featured Articles
Before you consider Broadstone Net Lease, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadstone Net Lease wasn't on the list.
While Broadstone Net Lease currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
