DecisionMap Wealth Management LLC Sells 25,949 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

DecisionMap Wealth Management LLC decreased its holdings in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 31.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,754 shares of the company's stock after selling 25,949 shares during the quarter. DecisionMap Wealth Management LLC's holdings in Broadstone Net Lease were worth $950,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BNL. Federated Hermes Inc. grew its stake in shares of Broadstone Net Lease by 73,833.3% in the fourth quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock worth $35,000 after purchasing an additional 2,215 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 1,592 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Broadstone Net Lease by 192.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,914 shares of the company's stock valued at $46,000 after acquiring an additional 1,918 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Broadstone Net Lease during the fourth quarter valued at $54,000. Finally, Quarry LP bought a new stake in Broadstone Net Lease during the fourth quarter valued at $57,000. Institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on BNL. Truist Financial upped their price target on shares of Broadstone Net Lease from $17.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, May 5th. JMP Securities reaffirmed a "market outperform" rating and set a $21.00 price target on shares of Broadstone Net Lease in a research report on Monday, June 2nd. BMO Capital Markets set a $20.00 price target on shares of Broadstone Net Lease and gave the company an "outperform" rating in a research report on Monday, March 24th. Finally, UBS Group cut their price target on shares of Broadstone Net Lease from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Broadstone Net Lease currently has an average rating of "Moderate Buy" and an average price target of $18.67.

Broadstone Net Lease Price Performance

BNL stock opened at $16.25 on Friday. The stock has a market capitalization of $3.07 billion, a PE ratio of 26.63 and a beta of 1.00. The company's 50-day moving average is $15.99 and its 200-day moving average is $16.14. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $19.15.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 7.14%. Broadstone Net Lease's dividend payout ratio (DPR) is presently 190.16%.

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.

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