15,864 Shares in Broadstone Net Lease, Inc. (NYSE:BNL) Bought by WJ Interests LLC

WJ Interests LLC bought a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,864 shares of the company's stock, valued at approximately $270,000. Broadstone Net Lease makes up 0.1% of WJ Interests LLC's portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BNL. Federated Hermes Inc. lifted its stake 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 purchasing an additional 2,215 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Broadstone Net Lease by 139.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock worth $43,000 after purchasing an additional 1,592 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 worth $46,000 after purchasing an additional 1,918 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Broadstone Net Lease in the fourth quarter worth $54,000. Finally, Quarry LP bought a new stake in Broadstone Net Lease in the fourth quarter worth $57,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BNL. UBS Group lowered their price target 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. JMP Securities reissued 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. 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 note on Monday, March 24th. Finally, Truist Financial boosted their price target on shares of Broadstone Net Lease from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Broadstone Net Lease presently has an average rating of "Moderate Buy" and a consensus price target of $18.67.

Broadstone Net Lease Stock Up 0.1%

Shares of NYSE:BNL traded up $0.01 during midday trading on Friday, hitting $16.27. 2,068,893 shares of the stock traded hands, compared to its average volume of 1,277,858. The stock has a market capitalization of $3.08 billion, a PE ratio of 26.68 and a beta of 1.00. The business's 50 day moving average is $16.02 and its two-hundred day moving average is $16.13. Broadstone Net Lease, Inc. has a one year low of $13.96 and a one year high of $19.15.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 7.13%. The ex-dividend date is Monday, June 30th. Broadstone Net Lease's dividend payout ratio (DPR) is 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.