Deutsche Bank AG Has $3.89 Million Stock Position in Broadstone Net Lease, Inc. (NYSE:BNL)

Deutsche Bank AG boosted its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 27.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 245,444 shares of the company's stock after purchasing an additional 52,718 shares during the quarter. Deutsche Bank AG owned about 0.13% of Broadstone Net Lease worth $3,893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in Broadstone Net Lease by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 90,318 shares of the company's stock worth $1,432,000 after purchasing an additional 882 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Broadstone Net Lease by 3.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 23,826 shares of the company's stock worth $378,000 after purchasing an additional 892 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Broadstone Net Lease by 2.2% during the 4th quarter. Corient Private Wealth LLC now owns 41,892 shares of the company's stock worth $664,000 after purchasing an additional 907 shares during the last quarter. Blue Trust Inc. raised its holdings in Broadstone Net Lease by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock worth $77,000 after purchasing an additional 925 shares during the last quarter. Finally, Evermay Wealth Management LLC raised its holdings in Broadstone Net Lease by 2.0% during the 4th quarter. Evermay Wealth Management LLC now owns 50,155 shares of the company's stock worth $798,000 after purchasing an additional 969 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Broadstone Net Lease Trading Down 0.0%

Shares of BNL stock traded down $0.00 on Friday, reaching $15.43. The company had a trading volume of 2,962,579 shares, compared to its average volume of 1,211,475. The stock has a market cap of $2.92 billion, a PE ratio of 17.73 and a beta of 1.04. The company has a 50-day moving average of $16.11 and a 200-day moving average of $16.29. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. The company had revenue of $112.13 million during the quarter, compared to analysts' expectations of $109.80 million. Sell-side analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.29 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.52%. Broadstone Net Lease's dividend payout ratio is presently 190.16%.

Wall Street Analyst Weigh In

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

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.