23,271 Shares in Broadstone Net Lease, Inc. (NYSE:BNL) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 23,271 shares of the company's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue grew its position in Broadstone Net Lease by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 90,318 shares of the company's stock worth $1,432,000 after acquiring an additional 882 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Broadstone Net Lease by 3.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,826 shares of the company's stock worth $378,000 after purchasing an additional 892 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Broadstone Net Lease by 2.2% during the 4th quarter. Corient Private Wealth LLC now owns 41,892 shares of the company's stock valued at $664,000 after purchasing an additional 907 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Broadstone Net Lease by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock valued at $77,000 after buying an additional 925 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its position in Broadstone Net Lease by 2.0% in the 4th quarter. Evermay Wealth Management LLC now owns 50,155 shares of the company's stock worth $798,000 after buying an additional 969 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Trading Down 0.1 %

Broadstone Net Lease stock opened at $16.01 on Wednesday. The firm has a market cap of $3.02 billion, a P/E ratio of 18.40 and a beta of 1.04. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $19.15. The firm has a 50-day moving average of $16.35 and a 200-day moving average of $16.47.

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

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.29 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.25%. Broadstone Net Lease's dividend payout ratio is 190.16%.

Analyst Ratings Changes

A number of brokerages recently commented on BNL. BMO Capital Markets set a $20.00 target price on shares of Broadstone Net Lease and gave the stock an "outperform" rating in a research report on Monday, March 24th. JMP Securities reissued a "market outperform" rating and issued a $21.00 target price on shares of Broadstone Net Lease in a research note on Monday. Finally, Truist Financial increased their target price on Broadstone Net Lease from $17.00 to $18.00 and gave the company a "hold" rating in a report on Monday. One investment 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's stock. According to MarketBeat.com, Broadstone Net Lease has an average rating of "Moderate Buy" 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.

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