Aew Capital Management L P Has $49.74 Million Position in Broadstone Net Lease, Inc. (NYSE:BNL)

Aew Capital Management L P lifted its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,135,949 shares of the company’s stock after acquiring an additional 69,690 shares during the period. Broadstone Net Lease accounts for about 2.4% of Aew Capital Management L P’s portfolio, making the stock its 13th largest position. Aew Capital Management L P owned approximately 1.66% of Broadstone Net Lease worth $49,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in shares of Broadstone Net Lease by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 90,318 shares of the company’s stock valued at $1,432,000 after acquiring an additional 882 shares during the period. Cerity Partners LLC lifted its position in shares of Broadstone Net Lease by 2.2% during the 3rd quarter. Cerity Partners LLC now owns 40,480 shares of the company’s stock valued at $767,000 after acquiring an additional 886 shares during the period. Blue Trust Inc. lifted its position in shares of Broadstone Net Lease by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,827 shares of the company’s stock valued at $77,000 after acquiring an additional 925 shares during the period. Stifel Financial Corp lifted its position in shares of Broadstone Net Lease by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 15,470 shares of the company’s stock valued at $293,000 after acquiring an additional 939 shares during the period. Finally, Evermay Wealth Management LLC lifted its position in shares of Broadstone Net Lease by 2.0% during the 4th quarter. Evermay Wealth Management LLC now owns 50,155 shares of the company’s stock valued at $798,000 after acquiring an additional 969 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group assumed 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. 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 report on Tuesday, December 17th. Finally, Citizens Jmp upgraded shares of 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, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Broadstone Net Lease currently has an average rating of “Hold” and an average price target of $18.60.

Broadstone Net Lease Stock Up 0.1 %

Shares of NYSE:BNL opened at $16.82 on Friday. The firm has a market capitalization of $3.17 billion, a PE ratio of 19.33 and a beta of 1.11. Broadstone Net Lease, Inc. has a twelve month low of $14.20 and a twelve month high of $19.15. The company has a 50-day moving average price of $15.82 and a two-hundred day moving average price of $17.15.

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, topping analysts’ consensus estimates of $0.20 by $0.16. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. The firm had revenue of $112.13 million for the quarter, compared to the consensus estimate of $109.80 million. Analysts anticipate 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. Stockholders of record on Monday, March 31st will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date of this dividend is Monday, March 31st. Broadstone Net Lease’s payout ratio is 133.33%.

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.