DecisionMap Wealth Management LLC Reduces Stock Position in Broadstone Net Lease, Inc. (NYSE:BNL)

DecisionMap Wealth Management LLC cut its holdings in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 31.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,754 shares of the company's stock after selling 25,949 shares during the period. DecisionMap Wealth Management LLC's holdings in Broadstone Net Lease were worth $950,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in Broadstone Net Lease by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 4,860,444 shares of the company's stock valued at $77,103,000 after acquiring an additional 15,501 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in Broadstone Net Lease by 7.1% in the fourth quarter. Centersquare Investment Management LLC now owns 4,011,419 shares of the company's stock valued at $63,621,000 after acquiring an additional 265,428 shares during the last quarter. Aew Capital Management L P lifted its stake in Broadstone Net Lease by 2.3% during the fourth quarter. Aew Capital Management L P now owns 3,135,949 shares of the company's stock worth $49,736,000 after purchasing an additional 69,690 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Broadstone Net Lease by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,077,513 shares of the company's stock worth $48,809,000 after purchasing an additional 71,709 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Broadstone Net Lease by 20.0% during the fourth quarter. Northern Trust Corp now owns 2,464,544 shares of the company's stock worth $39,088,000 after purchasing an additional 410,767 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on BNL shares. UBS Group decreased their price target on Broadstone Net Lease from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. JMP Securities restated a "market outperform" rating and set a $21.00 price target on shares of Broadstone Net Lease in a research note on Monday, June 2nd. Truist Financial upped their price target on Broadstone Net Lease from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. Finally, BMO Capital Markets set a $20.00 price target on Broadstone Net Lease and gave the stock 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Broadstone Net Lease presently has an average rating of "Moderate Buy" and a consensus target price of $18.67.

Broadstone Net Lease Stock Performance

Shares of Broadstone Net Lease stock traded up $0.29 during trading hours on Monday, reaching $16.58. 1,987,984 shares of the company were exchanged, compared to its average volume of 1,276,543. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $19.15. The stock's fifty day moving average is $16.04 and its 200 day moving average is $16.11. The firm has a market cap of $3.13 billion, a PE ratio of 27.18 and a beta of 1.01.

Broadstone Net Lease Announces Dividend

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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend is Monday, June 30th. Broadstone Net Lease's dividend payout ratio is currently 190.16%.

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.