Broadstone Net Lease, Inc. (NYSE:BNL) Stock Position Raised by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 845,136 shares of the company's stock after buying an additional 16,458 shares during the period. Sei Investments Co. owned 0.45% of Broadstone Net Lease worth $13,404,000 at the end of the most recent reporting period.

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

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Broadstone Net Lease Trading Up 0.4 %

Shares of NYSE BNL traded up $0.08 during midday trading on Monday, reaching $17.05. The company's stock had a trading volume of 1,816,769 shares, compared to its average volume of 1,132,727. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 19.59 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. The company has a 50 day moving average price of $16.31 and a 200 day moving average price of $16.98.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.16. The company had revenue of $112.13 million for 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%. Research analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.29 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.81%. Broadstone Net Lease's dividend payout ratio (DPR) is 133.33%.

Analyst Ratings Changes

BNL has been the subject of a number of recent analyst reports. JMP Securities upgraded shares of Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 target price for the company in a research report on Tuesday, December 17th. Citizens Jmp upgraded shares of Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, BMO Capital Markets set a $20.00 target price on 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, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Broadstone Net Lease presently has a consensus rating of "Hold" and a consensus target price of $18.83.

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.