Landscape Capital Management L.L.C. Has $608,000 Stake in Broadstone Net Lease, Inc. (NYSE:BNL)

Landscape Capital Management L.L.C. grew its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 107.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,312 shares of the company’s stock after purchasing an additional 19,822 shares during the period. Landscape Capital Management L.L.C.’s holdings in Broadstone Net Lease were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Broadstone Net Lease during the fourth quarter worth $36,170,000. Wellington Management Group LLP bought a new position in Broadstone Net Lease in the third quarter valued at about $12,574,000. Columbus Macro LLC acquired a new stake in shares of Broadstone Net Lease during the fourth quarter valued at about $6,269,000. Thrivent Financial for Lutherans grew its holdings in shares of Broadstone Net Lease by 220.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 538,743 shares of the company’s stock worth $8,545,000 after purchasing an additional 370,598 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Broadstone Net Lease by 21.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,762,625 shares of the company’s stock valued at $27,955,000 after buying an additional 308,118 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BNL shares. JMP Securities raised shares of 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. BMO Capital Markets set a $20.00 price objective on Broadstone Net Lease and gave the company an “outperform” rating in a report on Monday, March 24th. Finally, Citizens Jmp raised Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.83.

Broadstone Net Lease Stock Down 3.3 %

BNL stock opened at $16.16 on Monday. The company’s fifty day simple moving average is $16.41 and its 200 day simple moving average is $16.92. Broadstone Net Lease, Inc. has a 12-month low of $14.21 and a 12-month high of $19.15. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 18.57 and a beta of 1.03.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. The company had revenue of $112.13 million for the quarter, compared to the consensus estimate of $109.80 million. Research analysts expect that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.16 annualized dividend and a dividend yield of 7.18%. Broadstone Net Lease’s dividend payout ratio is currently 133.33%.

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.