Broadstone Net Lease, Inc. $BNL Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 622,296 shares of the company’s stock after acquiring an additional 47,586 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Broadstone Net Lease were worth $11,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC purchased a new position in Broadstone Net Lease during the 3rd quarter worth $1,895,000. Franklin Resources Inc. raised its holdings in Broadstone Net Lease by 14.6% during the second quarter. Franklin Resources Inc. now owns 649,748 shares of the company’s stock worth $10,428,000 after purchasing an additional 82,779 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Broadstone Net Lease by 39.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 471,426 shares of the company’s stock worth $8,750,000 after purchasing an additional 134,004 shares in the last quarter. Columbus Macro LLC lifted its position in Broadstone Net Lease by 13.0% in the third quarter. Columbus Macro LLC now owns 614,998 shares of the company’s stock valued at $10,990,000 after purchasing an additional 70,823 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Broadstone Net Lease by 0.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 374,475 shares of the company’s stock worth $6,010,000 after purchasing an additional 1,381 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BNL. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Truist Financial upped their target price on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald set a $20.00 target price on shares of Broadstone Net Lease in a report on Monday, January 5th. Morgan Stanley boosted their price target on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research note on Monday, December 29th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a research note on Tuesday, December 2nd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.91.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock opened at $18.92 on Thursday. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.22. The stock’s 50-day moving average is $17.89 and its 200-day moving average is $17.87. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 40.26 and a beta of 1.00.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.