21,996 Shares in Broadstone Net Lease, Inc. (NYSE:BNL) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,996 shares of the company's stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new position in Broadstone Net Lease in the fourth quarter worth about $36,170,000. Bank of Montreal Can grew its holdings in shares of Broadstone Net Lease by 603.9% during the 4th quarter. Bank of Montreal Can now owns 1,891,881 shares of the company's stock worth $30,005,000 after acquiring an additional 1,623,098 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of Broadstone Net Lease in the 4th quarter worth approximately $7,771,000. Bank of America Corp DE lifted its stake in shares of Broadstone Net Lease by 161.0% in the 4th quarter. Bank of America Corp DE now owns 761,471 shares of the company's stock valued at $12,077,000 after purchasing an additional 469,733 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Broadstone Net Lease by 20.0% in 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 during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JMP Securities reiterated a "market outperform" rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a report on Monday, June 2nd. UBS Group decreased their price target on shares of 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. Truist Financial lifted 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. Finally, BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the stock an "outperform" rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.67.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock traded down $0.26 during mid-day trading on Wednesday, reaching $16.10. The stock had a trading volume of 1,764,465 shares, compared to its average volume of 1,280,377. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 26.39 and a beta of 1.00. The company has a 50-day moving average price of $16.05 and a two-hundred day moving average price of $16.12. Broadstone Net Lease, Inc. has a one year low of $13.96 and a one year high of $19.15.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Monday, June 30th. Broadstone Net Lease's payout ratio is 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.