82,489 Shares in Broadstone Net Lease, Inc. (NYSE:BNL) Acquired by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC acquired a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 82,489 shares of the company's stock, valued at approximately $1,406,000.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Broadstone Net Lease by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 4,860,444 shares of the company's stock valued at $77,103,000 after buying an additional 15,501 shares during the period. Centersquare Investment Management LLC increased its stake in Broadstone Net Lease by 7.1% during the 4th quarter. Centersquare Investment Management LLC now owns 4,011,419 shares of the company's stock valued at $63,621,000 after buying an additional 265,428 shares during the period. Northern Trust Corp boosted its position in shares of Broadstone Net Lease by 20.0% during the 4th quarter. Northern Trust Corp now owns 2,464,544 shares of the company's stock valued at $39,088,000 after purchasing an additional 410,767 shares in the last quarter. Norges Bank bought a new position in shares of Broadstone Net Lease during the 4th quarter valued at about $36,170,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Broadstone Net Lease by 16.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,129,196 shares of the company's stock valued at $33,769,000 after purchasing an additional 294,783 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BNL shares. JMP Securities restated a "market outperform" rating and set a $21.00 price objective on shares of Broadstone Net Lease in a research report on Monday, June 2nd. BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the company an "outperform" rating in a research report on Monday, March 24th. UBS Group reduced their price objective on shares of Broadstone Net Lease from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Truist Financial raised their price objective 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Broadstone Net Lease Trading Down 0.1%

Shares of BNL traded down $0.02 during midday trading on Friday, hitting $15.74. The stock had a trading volume of 877,256 shares, compared to its average volume of 1,294,747. Broadstone Net Lease, Inc. has a fifty-two week low of $13.96 and a fifty-two week high of $19.15. The business has a 50-day simple moving average of $16.05 and a two-hundred day simple moving average of $16.07. The firm has a market cap of $2.98 billion, a P/E ratio of 25.81 and a beta of 1.00.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.37%. The ex-dividend date was Monday, June 30th. Broadstone Net Lease's payout ratio is 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.