Natixis Acquires Shares of 95,491 Broadstone Net Lease, Inc. (NYSE:BNL)

Natixis bought a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 95,491 shares of the company's stock, valued at approximately $1,514,000. Natixis owned about 0.05% of Broadstone Net Lease as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp raised its position in Broadstone Net Lease by 6.5% during 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 period. Barclays PLC raised its holdings in Broadstone Net Lease by 131.1% during the 3rd quarter. Barclays PLC now owns 318,142 shares of the company's stock valued at $6,028,000 after buying an additional 180,456 shares during the period. Franklin Resources Inc. raised its holdings in Broadstone Net Lease by 66.8% during the 3rd quarter. Franklin Resources Inc. now owns 574,124 shares of the company's stock valued at $10,512,000 after buying an additional 229,874 shares during the period. JPMorgan Chase & Co. boosted its stake in Broadstone Net Lease by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 1,834,413 shares of the company's stock worth $34,762,000 after buying an additional 84,509 shares during the period. Finally, Canandaigua National Trust Co of Florida bought a new position in Broadstone Net Lease during the fourth quarter valued at $1,143,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Broadstone Net Lease Trading Up 1.3 %

Shares of BNL opened at $16.15 on Wednesday. The firm has a market capitalization of $3.05 billion, a P/E ratio of 18.57 and a beta of 1.03. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $19.15. The firm has a fifty day moving average price of $16.35 and a 200-day moving average price of $16.63.

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 the consensus estimate of $0.20 by $0.16. The business had revenue of $112.13 million during the quarter, compared to analysts' expectations of $109.80 million. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. Analysts predict that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend was Monday, March 31st. Broadstone Net Lease's dividend payout ratio (DPR) 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.

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