Corient Private Wealth LLC Buys 907 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

Corient Private Wealth LLC boosted its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,892 shares of the company’s stock after buying an additional 907 shares during the period. Corient Private Wealth LLC’s holdings in Broadstone Net Lease were worth $664,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Broadstone Net Lease by 139.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company’s stock valued at $43,000 after purchasing an additional 1,592 shares during the last quarter. Assetmark Inc. grew its holdings in Broadstone Net Lease by 345.1% during the fourth quarter. Assetmark Inc. now owns 4,464 shares of the company’s stock valued at $71,000 after purchasing an additional 3,461 shares during the period. Blue Trust Inc. increased its position in Broadstone Net Lease by 23.7% in the fourth quarter. Blue Trust Inc. now owns 4,827 shares of the company’s stock worth $77,000 after buying an additional 925 shares in the last quarter. KBC Group NV raised its stake in shares of Broadstone Net Lease by 27.0% in the fourth quarter. KBC Group NV now owns 7,901 shares of the company’s stock worth $125,000 after buying an additional 1,681 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Broadstone Net Lease by 58.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,842 shares of the company’s stock valued at $172,000 after buying an additional 4,017 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets set a $20.00 price target on shares of Broadstone Net Lease and gave the stock an “outperform” rating in a research report on Monday. Citizens Jmp raised shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, JMP Securities raised Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.83.

Broadstone Net Lease Trading Down 0.5 %

NYSE:BNL opened at $16.97 on Friday. The business’s 50-day moving average is $16.31 and its 200 day moving average is $17.00. Broadstone Net Lease, Inc. has a 12 month low of $14.21 and a 12 month high of $19.15. The company has a market capitalization of $3.20 billion, a P/E ratio of 19.50 and a beta of 1.09.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. The firm had revenue of $112.13 million during the quarter, compared to analyst estimates of $109.80 million. On average, research analysts forecast that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend is Monday, March 31st. Broadstone Net Lease’s dividend payout ratio is 133.33%.

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.