408,643 Shares in Broadstone Net Lease, Inc. (NYSE:BNL) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Broadstone Net Lease, Inc. worth approximately $6.96 million, owning about 0.22% of the company as of the latest quarter.
• Several institutional investors, including Northern Trust Corp and JPMorgan Chase & Co., have increased their positions in Broadstone Net Lease, with institutional ownership currently at 89.07%.
• The stock currently has a consensus rating of "Hold" with a target price of $18.50, following various analyst upgrades and downgrades over recent months.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 408,643 shares of the company's stock, valued at approximately $6,963,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.22% of Broadstone Net Lease as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Federated Hermes Inc. raised its position in shares of Broadstone Net Lease by 73,833.3% during the fourth quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock worth $35,000 after purchasing an additional 2,215 shares during the period. Tower Research Capital LLC TRC grew 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 valued at $46,000 after buying an additional 1,918 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Broadstone Net Lease during the fourth quarter valued at $54,000. Quarry LP purchased a new position in shares of Broadstone Net Lease during the fourth quarter valued at $57,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Broadstone Net Lease by 807.5% during the fourth quarter. Sterling Capital Management LLC now owns 5,944 shares of the company's stock valued at $94,000 after buying an additional 5,289 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Down 1.3%

Shares of NYSE:BNL traded down $0.21 on Wednesday, reaching $15.89. The company had a trading volume of 1,884,281 shares, compared to its average volume of 1,162,805. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $19.15. The stock has a 50-day moving average price of $16.02 and a 200 day moving average price of $16.09. The stock has a market capitalization of $3.00 billion, a P/E ratio of 26.05 and a beta of 1.00.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. Broadstone Net Lease had a return on equity of 3.63% and a net margin of 26.22%. On average, sell-side analysts predict that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.30%. Broadstone Net Lease's dividend payout ratio is presently 190.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BNL shares. Wall Street Zen downgraded Broadstone Net Lease from a "hold" rating to a "sell" rating in a report on Saturday. Wolfe Research upgraded Broadstone Net Lease from a "peer perform" rating to an "outperform" rating and set a $19.00 price target on the stock in a report on Monday. UBS Group lowered their price target on Broadstone Net Lease from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Truist Financial lifted their price target on Broadstone Net Lease from $17.00 to $18.00 and gave the company a "hold" rating in a report on Monday, May 5th. Finally, JMP Securities restated a "market outperform" rating and issued a $21.00 target price on shares of Broadstone Net Lease in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.57.

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.