Broadstone Net Lease, Inc. (NYSE:BNL) Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 6.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,873 shares of the company’s stock after purchasing an additional 3,996 shares during the period. Daiwa Securities Group Inc.’s holdings in Broadstone Net Lease were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BNL. GAMMA Investing LLC grew its position in Broadstone Net Lease by 257.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $33,000 after purchasing an additional 1,272 shares during the last quarter. Quarry LP lifted its stake in shares of Broadstone Net Lease by 93.1% in the 2nd quarter. Quarry LP now owns 2,556 shares of the company’s stock worth $41,000 after acquiring an additional 1,232 shares during the period. Blue Trust Inc. lifted its stake in shares of Broadstone Net Lease by 156.5% in the 3rd quarter. Blue Trust Inc. now owns 3,902 shares of the company’s stock worth $74,000 after acquiring an additional 2,381 shares during the period. US Bancorp DE lifted its stake in shares of Broadstone Net Lease by 636.6% in the 3rd quarter. US Bancorp DE now owns 3,941 shares of the company’s stock worth $75,000 after acquiring an additional 3,406 shares during the period. Finally, KBC Group NV lifted its stake in shares of Broadstone Net Lease by 29.4% in the 3rd quarter. KBC Group NV now owns 6,220 shares of the company’s stock worth $118,000 after acquiring an additional 1,413 shares during the period. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

BNL stock opened at $17.52 on Friday. Broadstone Net Lease, Inc. has a 12 month low of $14.20 and a 12 month high of $19.15. The firm has a market cap of $3.30 billion, a PE ratio of 23.34 and a beta of 1.12. The firm has a 50 day simple moving average of $17.97 and a 200 day simple moving average of $17.17.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.15). The firm had revenue of $108.40 million during the quarter, compared to analysts’ expectations of $106.47 million. Broadstone Net Lease had a net margin of 33.56% and a return on equity of 4.47%. During the same quarter last year, the company posted $0.36 EPS. As a group, sell-side analysts expect that Broadstone Net Lease, Inc. will post 1.39 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.29 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.62%. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 152.63%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Broadstone Net Lease in a research note on Thursday, November 14th. They issued a “neutral” rating and a $18.00 price target for the company. Wedbush assumed coverage on shares of Broadstone Net Lease in a research note on Monday, August 19th. They issued an “outperform” rating and a $20.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Broadstone Net Lease from $14.50 to $16.00 and gave the stock a “sell” rating in a research note on Friday, September 13th. Finally, Truist Financial increased their target price on shares of Broadstone Net Lease from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.20.

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.