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

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

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. boosted its holdings in shares of Broadstone Net Lease by 73,833.3% during the 4th quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock worth $35,000 after buying an additional 2,215 shares during the period. EverSource Wealth Advisors LLC lifted 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 worth $43,000 after acquiring an additional 1,592 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of 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 worth $46,000 after acquiring an additional 1,918 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Broadstone Net Lease in the fourth quarter valued at approximately $54,000. Finally, Quarry LP acquired a new position in shares of Broadstone Net Lease in the fourth quarter valued at approximately $57,000. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BNL shares. Truist Financial boosted 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. BMO Capital Markets set a $20.00 target price on shares of Broadstone Net Lease and gave the company an "outperform" rating in a research report on Monday, March 24th. JMP Securities restated a "market outperform" rating and issued a $21.00 price target on shares of Broadstone Net Lease in a research note on Monday, June 2nd. Finally, UBS Group dropped their price objective 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. One research 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $18.67.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock traded down $0.06 during mid-day trading on Friday, reaching $16.18. 2,256,690 shares of the company were exchanged, compared to its average volume of 1,280,127. The firm has a market cap of $3.06 billion, a PE ratio of 26.52 and a beta of 1.00. The company has a fifty day simple moving average of $16.05 and a 200-day simple moving average of $16.10. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.15.

Broadstone Net Lease Dividend Announcement

The business 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 7.17%. The ex-dividend date of this dividend is Monday, June 30th. Broadstone Net Lease's dividend payout ratio (DPR) is presently 190.16%.

Broadstone Net Lease 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.