State of Wyoming Buys New Position in Broadstone Net Lease, Inc. (NYSE:BNL)

State of Wyoming acquired a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,295 shares of the company's stock, valued at approximately $290,000.

Other hedge funds also recently modified their holdings of the company. Barclays PLC increased its position in Broadstone Net Lease by 131.1% in the 3rd quarter. Barclays PLC now owns 318,142 shares of the company's stock valued at $6,028,000 after acquiring an additional 180,456 shares in the last quarter. Tallon Kerry Patrick bought a new position in Broadstone Net Lease in the fourth quarter valued at approximately $4,669,000. Blue Trust Inc. lifted its position in shares of Broadstone Net Lease by 23.7% in the fourth quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock worth $77,000 after purchasing an additional 925 shares in the last quarter. KBC Group NV increased its holdings in Broadstone Net Lease by 27.0% during the fourth quarter. KBC Group NV now owns 7,901 shares of the company's stock worth $125,000 after buying an additional 1,681 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new stake in Broadstone Net Lease during the fourth quarter worth $405,000. Institutional investors own 89.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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, May 5th. BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the company an "outperform" rating in a report on Monday, March 24th. UBS Group reduced 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 report on Tuesday, May 13th. Finally, Truist Financial increased their target price on Broadstone Net Lease from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Broadstone Net Lease currently has an average rating of "Moderate Buy" and an average price target of $18.67.

Broadstone Net Lease Stock Down 1.1%

Broadstone Net Lease stock traded down $0.18 during midday trading on Wednesday, reaching $15.56. The stock had a trading volume of 504,756 shares, compared to its average volume of 1,218,130. The firm's 50-day moving average price is $16.04 and its 200 day moving average price is $16.27. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.15. The firm has a market capitalization of $2.94 billion, a PE ratio of 17.89 and a beta of 1.04.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 7.46%. The ex-dividend date is Monday, June 30th. Broadstone Net Lease's dividend payout ratio is currently 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.