Broadstone Net Lease (NYSE:BNL) Receives "Buy" Rating from BTIG Research

Key Points

• Broadstone Net Lease (NYSE:BNL) has received a "buy" rating from BTIG Research with a price target of $22.00, suggesting a potential upside of 23.18% from its previous close.
• Several analysts have differing ratings and price targets for BNL, with others labeling it as a "sell," "neutral," or "overweight," reflecting a range of market opinions.
• Approximately 89.07% of Broadstone Net Lease's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

Broadstone Net Lease (NYSE:BNL - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at BTIG Research in a report released on Wednesday,Benzinga reports. They presently have a $22.00 price target on the stock. BTIG Research's price target indicates a potential upside of 23.18% from the stock's previous close.

BNL has been the topic of a number of other reports. Wall Street Zen cut Broadstone Net Lease from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. UBS Group boosted their price objective on Broadstone Net Lease from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. KeyCorp upgraded shares of Broadstone Net Lease from a "sector weight" rating to an "overweight" rating and set a $20.00 target price on the stock in a report on Tuesday, August 19th. The Goldman Sachs Group raised Broadstone Net Lease from a "sell" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Thursday, August 21st. Finally, Cantor Fitzgerald set a $21.00 price target on shares of Broadstone Net Lease and gave the company an "overweight" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadstone Net Lease presently has an average rating of "Moderate Buy" and an average price target of $19.89.

Broadstone Net Lease Price Performance

Shares of BNL opened at $17.86 on Wednesday. The business's fifty day moving average price is $17.59 and its 200 day moving average price is $16.62. Broadstone Net Lease has a 12-month low of $13.96 and a 12-month high of $19.00. The stock has a market capitalization of $3.38 billion, a PE ratio of 34.35 and a beta of 1.01.

Institutional Investors Weigh In On Broadstone Net Lease

Several hedge funds and other institutional investors have recently made changes to their positions in BNL. Two Sigma Advisers LP grew its holdings in Broadstone Net Lease by 105.9% in the 4th quarter. Two Sigma Advisers LP now owns 20,800 shares of the company's stock valued at $330,000 after buying an additional 10,700 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Broadstone Net Lease during the fourth quarter valued at approximately $198,000. GAMMA Investing LLC boosted its stake in Broadstone Net Lease by 1,466.0% in the 1st quarter. GAMMA Investing LLC now owns 31,711 shares of the company's stock valued at $540,000 after buying an additional 29,686 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Broadstone Net Lease in the 1st quarter valued at $375,000. Finally, Ritholtz Wealth Management boosted its position in Broadstone Net Lease by 2.8% in the first quarter. Ritholtz Wealth Management now owns 24,939 shares of the company's stock valued at $425,000 after buying an additional 673 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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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