Columbus Macro LLC Has $7.25 Million Position in Broadstone Net Lease, Inc. (NYSE:BNL)

Columbus Macro LLC boosted its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 7.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 425,264 shares of the company's stock after purchasing an additional 29,993 shares during the quarter. Columbus Macro LLC owned 0.23% of Broadstone Net Lease worth $7,246,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in shares of Broadstone Net Lease by 73,833.3% during the 4th quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock valued at $35,000 after purchasing an additional 2,215 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $43,000 after buying an additional 1,592 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Broadstone Net Lease by 192.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,914 shares of the company's stock valued at $46,000 after buying an additional 1,918 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Broadstone Net Lease in the fourth quarter valued at approximately $54,000. Finally, Quarry LP acquired a new position in shares of Broadstone Net Lease in the fourth quarter valued at approximately $57,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Broadstone Net Lease Trading Up 0.3%

Shares of Broadstone Net Lease stock traded up $0.05 during trading hours on Thursday, reaching $16.25. 1,916,348 shares of the company's stock were exchanged, compared to its average volume of 1,276,285. The stock has a market cap of $3.07 billion, a P/E ratio of 26.63 and a beta of 1.00. The company has a 50 day moving average of $15.97 and a two-hundred day moving average of $16.15. Broadstone Net Lease, Inc. has a fifty-two week low of $13.96 and a fifty-two week high of $19.15.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Monday, June 30th. Broadstone Net Lease's dividend payout ratio (DPR) is 190.16%.

Broadstone Net Lease 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.