Sophron Capital Management L.P. Purchases Shares of 360,672 Broadstone Net Lease, Inc. (NYSE:BNL)

Sophron Capital Management L.P. bought a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 360,672 shares of the company's stock, valued at approximately $5,720,000. Broadstone Net Lease makes up approximately 2.3% of Sophron Capital Management L.P.'s holdings, making the stock its 18th largest holding. Sophron Capital Management L.P. owned 0.19% of Broadstone Net Lease at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new position in Broadstone Net Lease during the fourth quarter valued at about $198,000. Two Sigma Advisers LP raised its holdings in Broadstone Net Lease by 105.9% during the fourth 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 in the last quarter. State of Wyoming bought a new position in Broadstone Net Lease during the fourth quarter valued at about $290,000. Systematic Financial Management LP raised its holdings in Broadstone Net Lease by 43.1% during the fourth quarter. Systematic Financial Management LP now owns 1,069,837 shares of the company's stock valued at $16,968,000 after buying an additional 322,131 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Broadstone Net Lease by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 53,128 shares of the company's stock valued at $843,000 after buying an additional 17,481 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Down 0.0%

NYSE BNL traded down $0.00 during trading on Friday, hitting $15.43. The company's stock had a trading volume of 2,962,579 shares, compared to its average volume of 1,208,936. The firm has a 50 day moving average price of $16.11 and a 200 day moving average price of $16.30. The firm has a market cap of $2.92 billion, a P/E ratio of 17.73 and a beta of 1.04. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $112.13 million during the quarter, compared to analysts' expectations of $109.80 million. On average, equities analysts expect that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend is Monday, June 30th. Broadstone Net Lease's payout ratio is presently 190.16%.

Analyst Ratings Changes

BNL has been the subject of several recent analyst reports. 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, May 5th. BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the stock an "outperform" rating in a report on Monday, March 24th. JMP Securities reaffirmed a "market outperform" rating and set a $21.00 price objective on shares of Broadstone Net Lease in a report on Monday, May 5th. Finally, UBS Group decreased their price objective on shares of Broadstone Net Lease from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Broadstone Net Lease presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.67.

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.