Asset Management One Co. Ltd. Purchases 16,400 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

Asset Management One Co. Ltd. grew its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 367,329 shares of the company’s stock after purchasing an additional 16,400 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of Broadstone Net Lease worth $5,855,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BNL. Natixis Advisors LLC grew its position in Broadstone Net Lease by 63.2% during the 3rd quarter. Natixis Advisors LLC now owns 114,272 shares of the company’s stock worth $2,165,000 after acquiring an additional 44,264 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Broadstone Net Lease by 30.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 466,782 shares of the company’s stock worth $7,403,000 after acquiring an additional 108,907 shares during the last quarter. Meritage Portfolio Management bought a new position in Broadstone Net Lease during the 3rd quarter worth approximately $5,610,000. Intech Investment Management LLC bought a new position in Broadstone Net Lease during the 3rd quarter worth approximately $633,000. Finally, Stifel Financial Corp grew its position in Broadstone Net Lease by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 15,470 shares of the company’s stock worth $293,000 after acquiring an additional 939 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BNL. JMP Securities upgraded Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, December 17th. UBS Group began coverage on Broadstone Net Lease in a research report on Thursday, November 14th. They set a “neutral” rating and a $18.00 price target on the stock. Finally, Citizens Jmp upgraded Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.60.

Broadstone Net Lease Stock Performance

NYSE BNL opened at $15.67 on Wednesday. Broadstone Net Lease, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $19.15. The stock has a 50 day simple moving average of $15.86 and a two-hundred day simple moving average of $17.19. The stock has a market cap of $2.95 billion, a P/E ratio of 20.61 and a beta of 1.11.

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.