Broadstone Net Lease (NYSE:BNL) Receives Market Outperform Rating from JMP Securities

Broadstone Net Lease (NYSE:BNL - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities research analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They currently have a $21.00 price target on the stock. JMP Securities' price objective suggests a potential upside of 28.60% from the stock's current price.

Separately, BMO Capital Markets set a $20.00 target price on shares of Broadstone Net Lease and gave the company an "outperform" rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.83.

Broadstone Net Lease Stock Up 0.3 %

Shares of Broadstone Net Lease stock traded up $0.05 during mid-day trading on Monday, hitting $16.33. The stock had a trading volume of 804,857 shares, compared to its average volume of 1,176,019. The firm has a 50-day moving average of $16.32 and a two-hundred day moving average of $16.44. The firm has a market cap of $3.08 billion, a P/E ratio of 18.77 and a beta of 1.04. Broadstone Net Lease has a 12-month low of $13.96 and a 12-month high of $19.15.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. The company had revenue of $112.13 million during the quarter, compared to analyst estimates of $109.80 million. Sell-side analysts expect that Broadstone Net Lease will post 1.43 earnings per share for the current year.

Hedge Funds Weigh In On Broadstone Net Lease

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. increased its stake 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 buying an additional 2,215 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Broadstone Net Lease by 139.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock worth $43,000 after acquiring an additional 1,592 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Broadstone Net Lease by 192.6% in the 4th 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 last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Broadstone Net Lease in the 4th quarter valued at $54,000. Finally, Quarry LP purchased a new stake in shares of Broadstone Net Lease during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

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.