Dean Capital Management Has $2.85 Million Holdings in Broadstone Net Lease, Inc. $BNL

Key Points

• Dean Capital Management increased its stake in Broadstone Net Lease by 187.1%, acquiring 108,841 additional shares and making it the firm's 8th largest holding.
• Various institutional investors have shown interest in Broadstone Net Lease, with a reported 89.07% of the stock currently owned by them.
• Recent analyst ratings have varied, with Wolfe Research upgrading the stock to "outperform" and a consensus price target of $19.43 reflecting a "Moderate Buy" rating.

Dean Capital Management increased its holdings in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 187.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,021 shares of the company's stock after buying an additional 108,841 shares during the period. Broadstone Net Lease accounts for approximately 1.2% of Dean Capital Management's portfolio, making the stock its 8th largest holding. Dean Capital Management owned approximately 0.09% of Broadstone Net Lease worth $2,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BNL. Tower Research Capital LLC TRC raised its position in shares of 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 worth $46,000 after buying an additional 1,918 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Broadstone Net Lease in the fourth quarter worth $54,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Broadstone Net Lease in the first quarter worth $115,000. KBC Group NV raised its position in shares of Broadstone Net Lease by 15.1% in the first quarter. KBC Group NV now owns 9,094 shares of the company's stock worth $155,000 after buying an additional 1,193 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Broadstone Net Lease in the fourth quarter worth $183,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on BNL. Wolfe Research raised Broadstone Net Lease from a "peer perform" rating to an "outperform" rating and set a $19.00 target price on the stock in a research note on Monday, July 28th. UBS Group raised their target price 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. Wall Street Zen lowered shares of Broadstone Net Lease from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. The Goldman Sachs Group upgraded shares of Broadstone Net Lease from a "sell" rating to a "buy" rating and set a $21.00 target price for the company in a report on Thursday, August 21st. Finally, JMP Securities restated a "market outperform" rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a report on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.43.

Broadstone Net Lease Stock Performance

Shares of BNL stock traded up $0.03 during mid-day trading on Friday, reaching $18.79. 759,751 shares of the company's stock traded hands, compared to its average volume of 1,556,566. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.15. The firm has a 50 day moving average price of $17.03 and a two-hundred day moving average price of $16.51. The firm has a market capitalization of $3.55 billion, a PE ratio of 36.13 and a beta of 1.01.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.16 annualized dividend and a yield of 6.2%. Broadstone Net Lease's dividend payout ratio is currently 223.08%.

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.