81,703 Shares in Broadstone Net Lease, Inc. (NYSE:BNL) Bought by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC purchased a new position in Broadstone Net Lease, Inc. (NYSE:BNL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 81,703 shares of the company’s stock, valued at approximately $1,296,000. Broadstone Net Lease accounts for 1.0% of DecisionMap Wealth Management LLC’s investment portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Broadstone Net Lease by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 14,276,250 shares of the company’s stock worth $226,423,000 after acquiring an additional 227,833 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Broadstone Net Lease by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,844,943 shares of the company’s stock worth $91,827,000 after acquiring an additional 62,515 shares during the last quarter. Aew Capital Management L P grew its stake in shares of Broadstone Net Lease by 2.3% in the fourth quarter. Aew Capital Management L P now owns 3,135,949 shares of the company’s stock worth $49,736,000 after acquiring an additional 69,690 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Broadstone Net Lease by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,077,513 shares of the company’s stock worth $48,809,000 after acquiring an additional 71,709 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Broadstone Net Lease by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 1,834,413 shares of the company’s stock worth $34,762,000 after acquiring an additional 84,509 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $16.70 on Thursday. Broadstone Net Lease, Inc. has a 1 year low of $14.20 and a 1 year high of $19.15. The stock’s 50 day simple moving average is $15.96 and its two-hundred day simple moving average is $17.10. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 19.19 and a beta of 1.09.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. The firm had revenue of $112.13 million for the quarter, compared to the consensus estimate 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 6.95%. The ex-dividend date is Monday, March 31st. Broadstone Net Lease’s dividend payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BNL. JMP Securities raised Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price objective 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 objective on the stock. Finally, Citizens Jmp raised 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 given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.