North Point Portfolio Managers Corp OH Purchases Shares of 25,559 Broadstone Net Lease, Inc. (NYSE:BNL)

North Point Portfolio Managers Corp OH purchased a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 25,559 shares of the company's stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors LLC grew its holdings in Broadstone Net Lease by 63.2% during the 3rd quarter. Natixis Advisors LLC now owns 114,272 shares of the company's stock worth $2,165,000 after acquiring an additional 44,264 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Broadstone Net Lease by 30.4% in the 4th 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 during the last quarter. Sei Investments Co. boosted its holdings in Broadstone Net Lease by 20.8% during the 2nd quarter. Sei Investments Co. now owns 545,556 shares of the company's stock worth $8,658,000 after acquiring an additional 94,092 shares during the last quarter. Meritage Portfolio Management bought a new position in shares of Broadstone Net Lease in the third quarter valued at approximately $5,610,000. Finally, Intech Investment Management LLC purchased a new stake in Broadstone Net Lease during the third quarter worth about $633,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on BNL. Citizens Jmp upgraded Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 17th. UBS Group assumed 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 target for the company. Finally, JMP Securities upgraded shares of Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 price objective on the stock in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Broadstone Net Lease has an average rating of "Hold" and a consensus price target of $18.60.

Broadstone Net Lease Trading Up 1.8 %

BNL traded up $0.29 during trading hours on Monday, hitting $16.33. The company's stock had a trading volume of 525,585 shares, compared to its average volume of 906,589. The business's 50-day moving average price is $16.41 and its 200-day moving average price is $17.40. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 21.48 and a beta of 1.11. Broadstone Net Lease, Inc. has a 12 month low of $14.20 and a 12 month high of $19.15.

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

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend was Tuesday, December 31st. Broadstone Net Lease's payout ratio is currently 152.63%.

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.