Broadstone Net Lease, Inc. (NYSE:BNL) Shares Bought by Columbus Macro LLC

Columbus Macro LLC grew its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 425,264 shares of the company's stock after purchasing an additional 29,993 shares during the quarter. Columbus Macro LLC owned approximately 0.23% of Broadstone Net Lease worth $7,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BNL. Tallon Kerry Patrick acquired a new stake in Broadstone Net Lease during the 4th quarter worth $4,669,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Broadstone Net Lease by 79.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,955 shares of the company's stock worth $705,000 after acquiring an additional 19,839 shares during the period. Van ECK Associates Corp raised its holdings in shares of Broadstone Net Lease by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 35,730 shares of the company's stock worth $567,000 after acquiring an additional 3,311 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Broadstone Net Lease by 4.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 367,329 shares of the company's stock worth $5,855,000 after acquiring an additional 16,400 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Broadstone Net Lease by 0.9% during the 4th quarter. Rhumbline Advisers now owns 339,446 shares of the company's stock worth $5,384,000 after acquiring an additional 3,164 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock opened at $16.11 on Monday. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.15. The business has a 50 day simple moving average of $15.90 and a 200-day simple moving average of $16.16. The stock has a market capitalization of $3.05 billion, a PE ratio of 18.51 and a beta of 1.00.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.20%. The ex-dividend date of this dividend is Monday, June 30th. Broadstone Net Lease's dividend payout ratio (DPR) is presently 190.16%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the company an "outperform" rating in a report on Monday, March 24th. Truist Financial boosted their price objective on shares of Broadstone Net Lease from $17.00 to $18.00 and gave the company a "hold" rating in a report on Monday, May 5th. JMP Securities reissued a "market outperform" rating and set a $21.00 price objective on shares of Broadstone Net Lease in a research report on Monday, June 2nd. Finally, UBS Group reduced their price objective on Broadstone Net Lease from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Broadstone Net Lease presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.67.

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.

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