Dean Investment Associates LLC Has $1.37 Million Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Dean Investment Associates LLC lessened its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 60.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,325 shares of the company's stock after selling 132,297 shares during the quarter. Dean Investment Associates LLC's holdings in Broadstone Net Lease were worth $1,369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Broadstone Net Lease by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 14,276,250 shares of the company's stock worth $226,423,000 after acquiring an additional 227,833 shares during the period. Geode Capital Management LLC lifted its stake in Broadstone Net Lease by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 4,860,444 shares of the company's stock valued at $77,103,000 after buying an additional 15,501 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of Broadstone Net Lease by 7.1% in the fourth quarter. Centersquare Investment Management LLC now owns 4,011,419 shares of the company's stock valued at $63,621,000 after buying an additional 265,428 shares during the period. Aew Capital Management L P increased its position in shares of Broadstone Net Lease by 2.3% during the fourth quarter. Aew Capital Management L P now owns 3,135,949 shares of the company's stock worth $49,736,000 after acquiring an additional 69,690 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Broadstone Net Lease by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,077,513 shares of the company's stock valued at $48,809,000 after acquiring an additional 71,709 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Broadstone Net Lease Trading Down 0.7 %

Shares of BNL traded down $0.11 during midday trading on Wednesday, reaching $16.04. The stock had a trading volume of 268,738 shares, compared to its average volume of 1,315,879. Broadstone Net Lease, Inc. has a one year low of $13.96 and a one year high of $19.15. The firm has a market cap of $3.03 billion, a PE ratio of 18.44 and a beta of 1.03. The firm has a 50 day simple moving average of $16.35 and a 200-day simple moving average of $16.63.

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. 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%. As a group, research analysts forecast that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.29 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.23%. Broadstone Net Lease's payout ratio is presently 133.33%.

Analyst Ratings Changes

Separately, BMO Capital Markets set a $20.00 price objective 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 issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.83.

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.