Broadstone Net Lease, Inc. (NYSE:BNL) Shares Bought by Barclays PLC

Barclays PLC grew its stake in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 101.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 639,810 shares of the company's stock after buying an additional 321,668 shares during the quarter. Barclays PLC owned 0.34% of Broadstone Net Lease worth $10,147,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BNL. Federated Hermes Inc. boosted its stake in shares of Broadstone Net Lease by 73,833.3% in the 4th quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock valued at $35,000 after buying an additional 2,215 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Broadstone Net Lease by 139.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock valued at $43,000 after buying an additional 1,592 shares during the period. Assetmark Inc. boosted its stake in shares of Broadstone Net Lease by 345.1% in 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 period. Blue Trust Inc. raised its position 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 worth $77,000 after acquiring an additional 925 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Broadstone Net Lease by 807.5% during the 4th quarter. Sterling Capital Management LLC now owns 5,944 shares of the company's stock worth $94,000 after acquiring an additional 5,289 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a $20.00 target price on Broadstone Net Lease and gave the stock an "outperform" rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $18.83.

Broadstone Net Lease Stock Up 0.2 %

BNL traded up $0.03 during trading on Monday, hitting $15.96. 1,025,641 shares of the stock were exchanged, compared to its average volume of 1,165,147. The firm has a market capitalization of $3.01 billion, a P/E ratio of 18.34 and a beta of 1.03. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $19.15. The stock has a fifty day moving average price of $16.39 and a two-hundred day moving average price of $16.56.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.20 by $0.16. The company 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%. Analysts predict that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.27%. The ex-dividend date was Monday, March 31st. Broadstone Net Lease's dividend payout ratio (DPR) 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.