State of Wyoming Takes $290,000 Position in Broadstone Net Lease, Inc. (NYSE:BNL)

State of Wyoming acquired a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,295 shares of the company's stock, valued at approximately $290,000.

Several other large investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its position 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 buying an additional 882 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Broadstone Net Lease by 3.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 23,826 shares of the company's stock valued at $378,000 after acquiring an additional 892 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Broadstone Net Lease by 2.2% during the fourth quarter. Corient Private Wealth LLC now owns 41,892 shares of the company's stock worth $664,000 after acquiring an additional 907 shares in the last quarter. Blue Trust Inc. boosted its position in Broadstone Net Lease by 23.7% during the fourth quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock valued at $77,000 after purchasing an additional 925 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its position in Broadstone Net Lease by 2.0% during the fourth quarter. Evermay Wealth Management LLC now owns 50,155 shares of the company's stock valued at $798,000 after purchasing an additional 969 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Analysts Set New Price Targets

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

Broadstone Net Lease Trading Down 1.0%

BNL stock opened at $15.42 on Friday. The firm has a market capitalization of $2.92 billion, a PE ratio of 17.72 and a beta of 1.04. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $19.15. The business's 50 day simple moving average is $16.14 and its 200 day simple moving average is $16.32.

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

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date of this dividend is Monday, June 30th. Broadstone Net Lease's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.