Susquehanna Fundamental Investments LLC Buys Shares of 15,501 Broadstone Net Lease, Inc. (NYSE:BNL)

Susquehanna Fundamental Investments LLC bought a new position in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,501 shares of the company's stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BNL. Federated Hermes Inc. boosted 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 purchasing an additional 2,215 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Broadstone Net Lease by 139.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock valued at $43,000 after acquiring an additional 1,592 shares during the last quarter. Tower Research Capital LLC TRC raised its stake 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 acquiring an additional 1,918 shares in the last quarter. Assetmark Inc. boosted its position in Broadstone Net Lease by 345.1% during the fourth quarter. Assetmark Inc. now owns 4,464 shares of the company's stock worth $71,000 after purchasing an additional 3,461 shares during the period. Finally, 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 worth $77,000 after purchasing an additional 925 shares during the period. Institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Stock Up 2.0 %

Shares of BNL opened at $16.17 on Monday. The stock's 50-day moving average price is $16.38 and its 200 day moving average price is $16.49. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.59 and a beta of 1.04. Broadstone Net Lease, Inc. 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 released its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. The business had revenue of $112.13 million for the quarter, compared to analysts' expectations of $109.80 million. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. Equities research analysts expect that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.17%. Broadstone Net Lease's dividend payout ratio (DPR) is currently 190.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on BNL. JMP Securities reiterated a "market outperform" rating and issued a $21.00 target price on shares of Broadstone Net Lease in a research note on Tuesday, April 29th. BMO Capital Markets set a $20.00 price objective on Broadstone Net Lease and gave the stock 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 issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.83.

Broadstone Net Lease Company 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.

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