Natixis Advisors LLC Has $2.17 Million Stake in Broadstone Net Lease, Inc. (NYSE:BNL)

Natixis Advisors LLC lifted its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 63.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,272 shares of the company’s stock after purchasing an additional 44,264 shares during the quarter. Natixis Advisors LLC owned 0.06% of Broadstone Net Lease worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Evermay Wealth Management LLC lifted its position in Broadstone Net Lease by 1.2% in the 2nd quarter. Evermay Wealth Management LLC now owns 48,509 shares of the company’s stock worth $774,000 after buying an additional 579 shares in the last quarter. Xponance Inc. boosted its position in Broadstone Net Lease by 5.1% during the second quarter. Xponance Inc. now owns 11,922 shares of the company’s stock valued at $189,000 after purchasing an additional 580 shares during the last quarter. Strategic Advocates LLC grew its stake in Broadstone Net Lease by 4.1% in the second quarter. Strategic Advocates LLC now owns 24,116 shares of the company’s stock valued at $383,000 after purchasing an additional 953 shares in the last quarter. HB Wealth Management LLC increased its position in Broadstone Net Lease by 4.8% in the 2nd quarter. HB Wealth Management LLC now owns 21,178 shares of the company’s stock worth $336,000 after purchasing an additional 967 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Broadstone Net Lease by 2.1% during the second quarter. Arizona State Retirement System now owns 52,549 shares of the company’s stock valued at $834,000 after acquiring an additional 1,086 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Performance

Shares of BNL opened at $17.25 on Monday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 22.70 and a beta of 1.12. The stock has a fifty day moving average price of $18.07 and a two-hundred day moving average price of $17.13. Broadstone Net Lease, Inc. has a 52-week low of $14.20 and a 52-week high of $19.15.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). The business had revenue of $108.40 million during the quarter, compared to the consensus estimate of $106.47 million. Broadstone Net Lease had a net margin of 33.56% and a return on equity of 4.47%. During the same period in the prior year, the firm earned $0.36 earnings per share. As a group, research analysts predict that Broadstone Net Lease, Inc. will post 1.39 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.72%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 152.63%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on Broadstone Net Lease from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Wedbush started coverage on Broadstone Net Lease in a research report on Monday, August 19th. They issued an “outperform” rating and a $20.00 price objective for the company. The Goldman Sachs Group lifted their price target on shares of Broadstone Net Lease from $14.50 to $16.00 and gave the stock a “sell” rating in a research note on Friday, September 13th. Finally, UBS Group started coverage on shares of Broadstone Net Lease in a research note on Thursday, November 14th. They issued a “neutral” rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.20.

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.