Dark Forest Capital Management LP Has $1.73 Million Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Dark Forest Capital Management LP cut its stake in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,821 shares of the company's stock after selling 102,925 shares during the period. Dark Forest Capital Management LP owned 0.06% of Broadstone Net Lease worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in Broadstone Net Lease by 6.5% during the third quarter. Stifel Financial Corp now owns 15,470 shares of the company's stock worth $293,000 after acquiring an additional 939 shares in the last quarter. Barclays PLC raised its holdings in shares of Broadstone Net Lease by 131.1% in the third quarter. Barclays PLC now owns 318,142 shares of the company's stock valued at $6,028,000 after purchasing an additional 180,456 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Broadstone Net Lease by 66.8% in the third quarter. Franklin Resources Inc. now owns 574,124 shares of the company's stock worth $10,512,000 after purchasing an additional 229,874 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Broadstone Net Lease by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 1,834,413 shares of the company's stock worth $34,762,000 after purchasing an additional 84,509 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida bought a new position in Broadstone Net Lease in the fourth quarter valued at $1,143,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Broadstone Net Lease Stock Down 0.3 %

Shares of BNL stock traded down $0.04 on Monday, reaching $15.89. The stock had a trading volume of 156,939 shares, compared to its average volume of 1,292,929. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.15. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 18.26 and a beta of 1.03. The firm's 50-day moving average is $16.38 and its two-hundred day moving average is $16.58.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its quarterly earnings data 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. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. The firm had revenue of $112.13 million for the quarter, compared to analyst estimates of $109.80 million. On average, sell-side 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 disclosed 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. The ex-dividend date was Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 7.30%. 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.