Broadstone Net Lease, Inc. (NYSE:BNL) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 35.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,454,507 shares of the company's stock after acquiring an additional 380,772 shares during the period. Victory Capital Management Inc. owned approximately 0.77% of Broadstone Net Lease worth $27,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BNL. GAMMA Investing LLC raised its holdings in Broadstone Net Lease by 257.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $33,000 after purchasing an additional 1,272 shares during the last quarter. Quarry LP grew its position in Broadstone Net Lease by 93.1% in the 2nd quarter. Quarry LP now owns 2,556 shares of the company's stock worth $41,000 after purchasing an additional 1,232 shares in the last quarter. Blue Trust Inc. boosted its position in Broadstone Net Lease by 156.5% in the third quarter. Blue Trust Inc. now owns 3,902 shares of the company's stock worth $74,000 after purchasing an additional 2,381 shares during the last quarter. US Bancorp DE raised its position in Broadstone Net Lease by 636.6% in the third quarter. US Bancorp DE now owns 3,941 shares of the company's stock worth $75,000 after acquiring an additional 3,406 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Broadstone Net Lease by 35.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,314 shares of the company's stock valued at $138,000 after purchasing an additional 1,908 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Broadstone Net Lease from $14.50 to $16.00 and gave the stock a "sell" rating in a report on Friday, September 13th. Truist Financial lifted their price target on shares of Broadstone Net Lease from $16.00 to $18.00 and gave the company a "hold" rating in a report on Friday, August 16th. UBS Group initiated coverage on Broadstone Net Lease in a report on Thursday. They set a "neutral" rating and a $18.00 target price on the stock. Finally, Wedbush started coverage on shares of Broadstone Net Lease in a research note on Monday, August 19th. They set an "outperform" rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.20.

Broadstone Net Lease Trading Down 0.8 %

Broadstone Net Lease stock traded down $0.13 during midday trading on Monday, hitting $17.07. 732,011 shares of the stock were exchanged, compared to its average volume of 1,160,701. Broadstone Net Lease, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $19.15. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 22.46 and a beta of 1.12. The stock's 50-day simple moving average is $18.17 and its 200 day simple moving average is $17.08.

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

Broadstone Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Tuesday, December 31st. Broadstone Net Lease's dividend payout ratio (DPR) is presently 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.