Broadstone Net Lease, Inc. (NYSE:BNL) Shares Bought by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC grew its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 319,033 shares of the company’s stock after acquiring an additional 2,820 shares during the quarter. Broadstone Net Lease accounts for approximately 1.2% of Mycio Wealth Partners LLC’s holdings, making the stock its 11th largest holding. Mycio Wealth Partners LLC owned 0.17% of Broadstone Net Lease worth $5,060,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Broadstone Net Lease by 257.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $33,000 after acquiring an additional 1,272 shares during the period. Blue Trust Inc. grew its stake in Broadstone Net Lease by 156.5% during the 3rd quarter. Blue Trust Inc. now owns 3,902 shares of the company’s stock valued at $74,000 after purchasing an additional 2,381 shares during the last quarter. US Bancorp DE increased its holdings in shares of Broadstone Net Lease by 636.6% in the third quarter. US Bancorp DE now owns 3,941 shares of the company’s stock valued at $75,000 after purchasing an additional 3,406 shares during the period. KBC Group NV raised its stake in shares of Broadstone Net Lease by 29.4% in the third quarter. KBC Group NV now owns 6,220 shares of the company’s stock worth $118,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 worth $138,000 after purchasing an additional 1,908 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Performance

Shares of Broadstone Net Lease stock opened at $15.21 on Thursday. Broadstone Net Lease, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $19.15. The company has a market cap of $2.87 billion, a P/E ratio of 20.01 and a beta of 1.11. The firm has a 50-day simple moving average of $16.00 and a two-hundred day simple moving average of $17.25.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BNL. Citizens Jmp upgraded shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities upgraded shares of 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 note on Tuesday, December 17th. Finally, UBS Group started coverage on shares of Broadstone Net Lease in a research report on Thursday, November 14th. They set a “neutral” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.60.

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.