Armor Investment Advisors LLC Sells 21,069 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

Armor Investment Advisors LLC reduced its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,573 shares of the company’s stock after selling 21,069 shares during the period. Armor Investment Advisors LLC’s holdings in Broadstone Net Lease were worth $723,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Broadstone Net Lease by 257.5% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $33,000 after buying an additional 1,272 shares in the last quarter. Blue Trust Inc. raised its holdings in Broadstone Net Lease by 156.5% during the third quarter. Blue Trust Inc. now owns 3,902 shares of the company’s stock valued at $74,000 after buying an additional 2,381 shares in the last quarter. US Bancorp DE raised its holdings in Broadstone Net Lease by 636.6% during the third quarter. US Bancorp DE now owns 3,941 shares of the company’s stock valued at $75,000 after buying an additional 3,406 shares in the last quarter. KBC Group NV raised its holdings in Broadstone Net Lease by 29.4% during the third quarter. KBC Group NV now owns 6,220 shares of the company’s stock valued at $118,000 after buying an additional 1,413 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Broadstone Net Lease by 35.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,314 shares of the company’s stock valued at $138,000 after buying an additional 1,908 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on BNL shares. JMP Securities upgraded Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, December 17th. UBS Group initiated coverage on Broadstone Net Lease in a research report on Thursday, November 14th. They issued a “neutral” rating and a $18.00 price target 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.60.

Broadstone Net Lease Stock Down 0.9 %

BNL stock opened at $15.38 on Tuesday. Broadstone Net Lease, Inc. has a twelve month low of $14.20 and a twelve month high of $19.15. The company has a market cap of $2.90 billion, a PE ratio of 20.23 and a beta of 1.11. The business’s 50-day simple moving average is $16.07 and its 200 day simple moving average is $17.28.

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.