Universal Beteiligungs und Servicegesellschaft mbH raised its position in Broadstone Net Lease, Inc. (NYSE:BNL – Free Report) by 187.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,751 shares of the company’s stock after buying an additional 67,637 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Broadstone Net Lease worth $1,802,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BNL. Strategic Advocates LLC acquired a new position in Broadstone Net Lease in the third quarter valued at about $30,000. Blue Trust Inc. raised its stake in shares of Broadstone Net Lease by 96.9% in the third quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock worth $32,000 after acquiring an additional 881 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Broadstone Net Lease in the third quarter worth about $61,000. EverSource Wealth Advisors LLC raised its stake in shares of Broadstone Net Lease by 80.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after acquiring an additional 1,906 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Broadstone Net Lease by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after acquiring an additional 1,385 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.
Broadstone Net Lease Price Performance
BNL opened at $19.67 on Friday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 30.25 and a beta of 0.96. The firm has a 50 day simple moving average of $19.32 and a 200 day simple moving average of $18.59. Broadstone Net Lease, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $20.48.
Broadstone Net Lease Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s payout ratio is 234.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Weiss Ratings raised shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 6th. Cantor Fitzgerald boosted their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Finally, 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. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadstone Net Lease currently has an average rating of “Moderate Buy” and a consensus price target of $20.22.
About Broadstone Net Lease
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.
Further Reading
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