KBC Group NV Has $125,000 Stock Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

KBC Group NV lifted its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 27.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,901 shares of the company’s stock after buying an additional 1,681 shares during the period. KBC Group NV’s holdings in Broadstone Net Lease were worth $125,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Brookfield Corp ON acquired a new position in shares of Broadstone Net Lease during the third quarter worth $18,444,000. Wellington Management Group LLP acquired a new stake in Broadstone Net Lease during the third quarter worth approximately $12,574,000. Systematic Financial Management LP increased its holdings in Broadstone Net Lease by 298.1% in the third quarter. Systematic Financial Management LP now owns 747,706 shares of the company’s stock worth $14,169,000 after purchasing an additional 559,906 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Broadstone Net Lease by 35.5% in the third quarter. Victory Capital Management Inc. now owns 1,454,507 shares of the company’s stock valued at $27,563,000 after buying an additional 380,772 shares during the period. Finally, Tallon Kerry Patrick acquired a new stake in Broadstone Net Lease in the fourth quarter worth $4,669,000. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citizens Jmp upgraded Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities upgraded shares of Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Tuesday, December 17th. Finally, UBS Group started coverage on Broadstone Net Lease in a research note on Thursday, November 14th. They set a “neutral” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.60.

Broadstone Net Lease Stock Down 1.8 %

Shares of BNL opened at $15.52 on Friday. Broadstone Net Lease, Inc. has a twelve month low of $14.20 and a twelve month high of $19.15. The stock has a market cap of $2.93 billion, a PE ratio of 20.42 and a beta of 1.11. The business’s 50-day moving average price is $16.11 and its 200-day moving average price is $17.31.

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.