North Point Portfolio Managers Corp OH Makes New Investment in Broadstone Net Lease, Inc. (NYSE:BNL)

North Point Portfolio Managers Corp OH acquired a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,559 shares of the company’s stock, valued at approximately $405,000.

A number of other institutional investors also recently modified their holdings of the company. KBC Group NV increased its stake in Broadstone Net Lease by 27.0% during the 4th quarter. KBC Group NV now owns 7,901 shares of the company’s stock valued at $125,000 after purchasing an additional 1,681 shares in the last quarter. Blue Trust Inc. increased its position in shares of Broadstone Net Lease by 23.7% during the fourth quarter. Blue Trust Inc. now owns 4,827 shares of the company’s stock worth $77,000 after acquiring an additional 925 shares in the last quarter. Cetera Trust Company N.A increased its position in shares of Broadstone Net Lease by 21.6% during the fourth quarter. Cetera Trust Company N.A now owns 14,350 shares of the company’s stock worth $228,000 after acquiring an additional 2,550 shares in the last quarter. Perpetual Ltd lifted its position in Broadstone Net Lease by 5.8% in the 4th quarter. Perpetual Ltd now owns 88,319 shares of the company’s stock valued at $1,401,000 after acquiring an additional 4,830 shares in the last quarter. Finally, Prairiewood Capital LLC lifted its position in Broadstone Net Lease by 0.3% in the 4th quarter. Prairiewood Capital LLC now owns 317,344 shares of the company’s stock valued at $5,033,000 after acquiring an additional 994 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Trading Up 1.0 %

Shares of Broadstone Net Lease stock opened at $16.01 on Monday. The business’s fifty day simple moving average is $16.41 and its 200 day simple moving average is $17.40. 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 capitalization of $3.02 billion, a P/E ratio of 21.06 and a beta of 1.11.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, October 30th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). The business had revenue of $108.40 million for the quarter, compared to the consensus estimate of $106.47 million. Broadstone Net Lease had a return on equity of 4.47% and a net margin of 33.56%. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Analysts predict that Broadstone Net Lease, Inc. will post 1.39 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Broadstone Net Lease’s dividend payout ratio is currently 152.63%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citizens Jmp raised Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. JMP Securities raised Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Tuesday, December 17th. Finally, UBS Group initiated coverage on shares of Broadstone Net Lease in a report on Thursday, November 14th. They set a “neutral” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Broadstone Net Lease currently has an average rating of “Hold” and an average 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.