Quantbot Technologies LP Takes $886,000 Position in Broadstone Net Lease, Inc. (NYSE:BNL)

Quantbot Technologies LP bought a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 55,893 shares of the company's stock, valued at approximately $886,000.

Several other large investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in Broadstone Net Lease by 139.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock valued at $43,000 after purchasing an additional 1,592 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Broadstone Net Lease by 345.1% during the 4th quarter. Assetmark Inc. now owns 4,464 shares of the company's stock valued at $71,000 after buying an additional 3,461 shares during the last quarter. Blue Trust Inc. grew its position in shares of Broadstone Net Lease by 23.7% during the fourth quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock worth $77,000 after buying an additional 925 shares in the last quarter. KBC Group NV increased its stake in shares of Broadstone Net Lease by 27.0% in the fourth quarter. KBC Group NV now owns 7,901 shares of the company's stock worth $125,000 after buying an additional 1,681 shares during the last quarter. Finally, FMR LLC raised its holdings in Broadstone Net Lease by 84.0% in the third quarter. FMR LLC now owns 9,992 shares of the company's stock valued at $189,000 after acquiring an additional 4,562 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citizens Jmp raised Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. JMP Securities upgraded Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 price target for the company in a report on Tuesday, December 17th. Finally, BMO Capital Markets set a $20.00 price objective on Broadstone Net Lease and gave the stock an "outperform" rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.83.

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Broadstone Net Lease Price Performance

Shares of BNL traded down $0.09 during trading hours on Friday, hitting $16.97. 1,406,673 shares of the company were exchanged, compared to its average volume of 1,129,991. The firm has a fifty day simple moving average of $16.31 and a 200-day simple moving average of $16.98. The company has a market capitalization of $3.20 billion, a PE ratio of 19.50 and a beta of 1.09. Broadstone Net Lease, Inc. has a one year low of $14.21 and a one year high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.16. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. The firm had revenue of $112.13 million during the quarter, compared to analyst estimates of $109.80 million. Sell-side analysts expect that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.16 annualized dividend and a yield of 6.84%. Broadstone Net Lease's payout ratio is 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.