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

Susquehanna Fundamental Investments LLC acquired a new stake in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,501 shares of the company's stock, valued at approximately $246,000.

A number of other large investors have also modified their holdings of the company. Federated Hermes Inc. increased its stake in shares of Broadstone Net Lease by 73,833.3% in the 4th quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock valued at $35,000 after purchasing an additional 2,215 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 valued at $43,000 after purchasing an additional 1,592 shares during the period. Tower Research Capital LLC TRC increased its position 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 buying an additional 1,918 shares in the last quarter. Assetmark Inc. raised its stake in shares of Broadstone Net Lease by 345.1% during the 4th quarter. Assetmark Inc. now owns 4,464 shares of the company's stock worth $71,000 after buying an additional 3,461 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Broadstone Net Lease by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock valued at $77,000 after buying an additional 925 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Wall Street Analyst Weigh In

BNL has been the subject of several recent analyst reports. BMO Capital Markets set a $20.00 price target on shares of Broadstone Net Lease and gave the stock an "outperform" rating in a report on Monday, March 24th. Truist Financial boosted their target price 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. Finally, JMP Securities restated a "market outperform" rating and set a $21.00 price target on shares of Broadstone Net Lease in a research report on Monday, May 5th. 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.83.

Broadstone Net Lease Stock Performance

Shares of NYSE:BNL traded up $0.05 during midday trading on Friday, hitting $16.33. The company's stock had a trading volume of 804,857 shares, compared to its average volume of 1,177,705. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $19.15. The company has a market cap of $3.08 billion, a P/E ratio of 18.77 and a beta of 1.04. The business's 50 day simple moving average is $16.32 and its 200 day simple moving average is $16.43.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS 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 business had revenue of $112.13 million for the quarter, compared to analyst estimates of $109.80 million. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date is Monday, June 30th. Broadstone Net Lease's dividend payout ratio is presently 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.