WJ Interests LLC Makes New Investment in Broadstone Net Lease, Inc. (NYSE:BNL)

WJ Interests LLC bought a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,864 shares of the company's stock, valued at approximately $270,000. Broadstone Net Lease comprises approximately 0.1% of WJ Interests LLC's portfolio, making the stock its 20th largest position.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in Broadstone Net Lease by 73,833.3% in the fourth quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock worth $35,000 after acquiring an additional 2,215 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Broadstone Net Lease by 139.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock valued at $43,000 after purchasing an additional 1,592 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Broadstone Net Lease by 192.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,914 shares of the company's stock valued at $46,000 after purchasing an additional 1,918 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Broadstone Net Lease in the fourth quarter valued at approximately $54,000. Finally, Quarry LP acquired a new stake in shares of Broadstone Net Lease in the fourth quarter valued at approximately $57,000. Institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Stock Up 1.8%

Broadstone Net Lease stock traded up $0.29 during mid-day trading on Monday, hitting $16.58. The company's stock had a trading volume of 1,987,984 shares, compared to its average volume of 1,276,543. The stock has a market capitalization of $3.13 billion, a P/E ratio of 27.18 and a beta of 1.01. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $19.15. The stock's fifty day moving average price is $16.04 and its two-hundred day moving average price is $16.11.

Broadstone Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.29 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.16 annualized dividend and a yield of 7.00%. Broadstone Net Lease's dividend payout ratio (DPR) is 190.16%.

Analysts Set New Price Targets

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

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.