Natixis Advisors LLC Purchases 4,968 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

Natixis Advisors LLC raised its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,240 shares of the company’s stock after buying an additional 4,968 shares during the period. Natixis Advisors LLC’s holdings in Broadstone Net Lease were worth $1,891,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Broadstone Net Lease by 1.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 99,275 shares of the company’s stock valued at $1,575,000 after acquiring an additional 1,665 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of Broadstone Net Lease during the fourth quarter valued at $513,000. DecisionMap Wealth Management LLC bought a new position in shares of Broadstone Net Lease in the fourth quarter worth about $1,296,000. Swiss National Bank increased its stake in Broadstone Net Lease by 0.5% in the 4th quarter. Swiss National Bank now owns 370,800 shares of the company’s stock worth $5,881,000 after buying an additional 1,700 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Broadstone Net Lease by 139.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company’s stock valued at $43,000 after buying an additional 1,592 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Performance

NYSE BNL opened at $17.23 on Tuesday. The company has a market cap of $3.25 billion, a PE ratio of 19.80 and a beta of 1.09. The firm’s 50 day moving average price is $16.20 and its 200-day moving average price is $17.02. Broadstone Net Lease, Inc. has a 52-week low of $14.21 and a 52-week high of $19.15.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results 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. The business 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%. On average, analysts forecast that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend yield of 6.73%. The ex-dividend date is Monday, March 31st. Broadstone Net Lease’s payout ratio is 133.33%.

Analysts Set New Price Targets

BNL has been the topic of a number of research analyst reports. Citizens Jmp upgraded shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. JMP Securities upgraded Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have issued 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.com, Broadstone Net Lease presently has an average rating of “Hold” and a consensus target price of $18.60.

Broadstone Net Lease Company 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.