State of Alaska Department of Revenue Increases Stock Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

State of Alaska Department of Revenue raised its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,318 shares of the company’s stock after buying an additional 882 shares during the quarter. State of Alaska Department of Revenue’s holdings in Broadstone Net Lease were worth $1,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in shares of Broadstone Net Lease by 63.2% during the third quarter. Natixis Advisors LLC now owns 114,272 shares of the company’s stock valued at $2,165,000 after acquiring an additional 44,264 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Broadstone Net Lease by 30.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 466,782 shares of the company’s stock valued at $7,403,000 after acquiring an additional 108,907 shares in the last quarter. Meritage Portfolio Management bought a new position in shares of Broadstone Net Lease during the third quarter valued at $5,610,000. Intech Investment Management LLC bought a new position in shares of Broadstone Net Lease during the third quarter valued at $633,000. Finally, Stifel Financial Corp increased its holdings in shares of Broadstone Net Lease by 6.5% during the third quarter. Stifel Financial Corp now owns 15,470 shares of the company’s stock valued at $293,000 after acquiring an additional 939 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Trading Down 1.8 %

NYSE BNL opened at $15.21 on Thursday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 20.01 and a beta of 1.11. The company’s 50 day moving average is $16.00 and its two-hundred day moving average is $17.25. Broadstone Net Lease, Inc. has a 12 month low of $14.20 and a 12 month high of $19.15.

Analysts Set New Price Targets

Several equities research analysts recently commented on BNL shares. UBS Group started coverage on Broadstone Net Lease in a report on Thursday, November 14th. They issued a “neutral” rating and a $18.00 price objective for the company. Citizens Jmp upgraded Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, 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 report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.60.

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.