Broadstone Net Lease, Inc. (NYSE:BNL) Stock Position Raised by Axa S.A.

Axa S.A. grew its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 232,070 shares of the company's stock after buying an additional 65,144 shares during the quarter. Axa S.A. owned approximately 0.12% of Broadstone Net Lease worth $3,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Federated Hermes Inc. grew its position in Broadstone Net Lease by 73,833.3% in the fourth quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock worth $35,000 after acquiring an additional 2,215 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Broadstone Net Lease by 139.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock worth $43,000 after purchasing an additional 1,592 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Broadstone Net Lease by 192.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,914 shares of the company's stock worth $46,000 after buying an additional 1,918 shares during the last quarter. Quarry LP bought a new position in Broadstone Net Lease during the fourth quarter valued at about $57,000. Finally, Assetmark Inc. lifted its position in shares of Broadstone Net Lease by 345.1% in the fourth quarter. Assetmark Inc. now owns 4,464 shares of the company's stock worth $71,000 after buying an additional 3,461 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Trading Up 1.8 %

BNL opened at $16.25 on Thursday. The business has a 50 day moving average of $16.34 and a 200-day moving average of $16.47. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 18.68 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.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. The firm had revenue of $112.13 million during the quarter, compared to the consensus estimate of $109.80 million. Equities 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 will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, June 30th. This represents a $1.16 annualized dividend and a yield of 7.14%. Broadstone Net Lease's dividend payout ratio is 190.16%.

Analyst Ratings Changes

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