Sei Investments Co. Increases Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Sei Investments Co. increased its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 845,136 shares of the company’s stock after purchasing an additional 16,458 shares during the quarter. Sei Investments Co. owned 0.45% of Broadstone Net Lease worth $13,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue increased its position in shares of Broadstone Net Lease by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 90,318 shares of the company’s stock valued at $1,432,000 after acquiring an additional 882 shares during the period. Cerity Partners LLC grew its stake in Broadstone Net Lease by 2.2% in the third quarter. Cerity Partners LLC now owns 40,480 shares of the company’s stock worth $767,000 after purchasing an additional 886 shares during the period. Corient Private Wealth LLC grew its position in shares of Broadstone Net Lease by 2.2% in the 4th quarter. Corient Private Wealth LLC now owns 41,892 shares of the company’s stock worth $664,000 after buying an additional 907 shares during the period. Blue Trust Inc. lifted its position in 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 acquiring an additional 925 shares during the period. Finally, Stifel Financial Corp lifted its position in Broadstone Net Lease by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 15,470 shares of the company’s stock valued at $293,000 after acquiring an additional 939 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

BNL has been the subject of a number of analyst reports. 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 note on Monday. JMP Securities upgraded Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Tuesday, December 17th. Finally, Citizens Jmp raised Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Broadstone Net Lease currently has an average rating of “Hold” and a consensus target price of $18.83.

Broadstone Net Lease Trading Down 0.5 %

Broadstone Net Lease stock opened at $16.97 on Friday. Broadstone Net Lease, Inc. has a 12 month low of $14.21 and a 12 month high of $19.15. The stock has a fifty day simple moving average of $16.31 and a two-hundred day simple moving average of $17.00. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 19.50 and a beta of 1.09.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.20 by $0.16. The company had revenue of $112.13 million during the quarter, compared to the consensus estimate of $109.80 million. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. On average, equities research analysts forecast that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.84%. The ex-dividend date is Monday, March 31st. Broadstone Net Lease’s dividend payout ratio is currently 133.33%.

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.