Natixis Advisors LLC Purchases 4,968 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

Natixis Advisors LLC increased its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,240 shares of the company’s stock after purchasing an additional 4,968 shares during the period. Natixis Advisors LLC owned 0.06% of Broadstone Net Lease worth $1,891,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BNL. Principal Financial Group Inc. raised its holdings in Broadstone Net Lease by 1.6% during the fourth quarter. Principal Financial Group Inc. now owns 14,276,250 shares of the company’s stock valued at $226,423,000 after acquiring an additional 227,833 shares during the period. Geode Capital Management LLC raised its stake in Broadstone Net Lease by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,844,943 shares of the company’s stock valued at $91,827,000 after purchasing an additional 62,515 shares during the period. Aew Capital Management L P lifted its holdings in Broadstone Net Lease by 2.3% in the 4th quarter. Aew Capital Management L P now owns 3,135,949 shares of the company’s stock worth $49,736,000 after purchasing an additional 69,690 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Broadstone Net Lease by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,077,513 shares of the company’s stock worth $48,809,000 after purchasing an additional 71,709 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Broadstone Net Lease by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,834,413 shares of the company’s stock valued at $34,762,000 after buying an additional 84,509 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Up 2.2 %

BNL stock opened at $17.23 on Tuesday. The company has a fifty day simple moving average of $16.20 and a two-hundred day simple moving average of $17.02. Broadstone Net Lease, Inc. has a 52 week low of $14.21 and a 52 week high of $19.15. The firm has a market capitalization of $3.25 billion, a P/E ratio of 19.80 and a beta of 1.09.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. The company had revenue of $112.13 million for the quarter, compared to analysts’ expectations of $109.80 million. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. As a group, analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.29 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.73%. Broadstone Net Lease’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

Several research firms have recently commented on BNL. Citizens Jmp raised shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities raised shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Broadstone Net Lease presently has a consensus rating of “Hold” and a consensus price target of $18.60.

Broadstone Net Lease 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.