BTC Capital Management Inc. lifted its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 29.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,971 shares of the company's stock after purchasing an additional 32,767 shares during the quarter. BTC Capital Management Inc. owned 0.08% of Broadstone Net Lease worth $2,454,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in BNL. Federated Hermes Inc. grew its holdings in Broadstone Net Lease by 73,833.3% during the fourth 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 during the period. EverSource Wealth Advisors LLC boosted its stake in Broadstone Net Lease by 139.3% during 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 during the period. Tower Research Capital LLC TRC raised its position in shares of Broadstone Net Lease by 192.6% during the 4th 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. bought a new stake in Broadstone Net Lease during the fourth quarter worth about $54,000. Finally, Quarry LP bought a new stake in Broadstone Net Lease in the 4th quarter worth approximately $57,000. 89.07% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
BNL has been the subject of several research analyst reports. UBS Group dropped 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. Truist Financial lifted their price target on shares of Broadstone Net Lease from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. 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. Finally, BMO Capital Markets set a $20.00 price target on shares of Broadstone Net Lease and gave the company an "outperform" rating in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Broadstone Net Lease presently has an average rating of "Moderate Buy" and an average target price of $18.67.
Get Our Latest Stock Report on BNL
Broadstone Net Lease Stock Performance
Shares of NYSE BNL traded up $0.13 during trading on Monday, hitting $16.04. 5,343,192 shares of the company were exchanged, compared to its average volume of 1,257,112. The company has a fifty day moving average price of $15.97 and a 200-day moving average price of $16.23. The firm has a market capitalization of $3.03 billion, a PE ratio of 18.44 and a beta of 1.04. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $19.15.
Broadstone Net Lease Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.23%. Broadstone Net Lease's dividend payout ratio is presently 190.16%.
Broadstone Net Lease Company Profile
(
Free Report)
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.
See Also
Before you consider Broadstone Net Lease, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadstone Net Lease wasn't on the list.
While Broadstone Net Lease currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
