Columbus Macro LLC Makes New Investment in Broadstone Net Lease, Inc. (NYSE:BNL)

Columbus Macro LLC purchased a new position in Broadstone Net Lease, Inc. (NYSE:BNL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 395,271 shares of the company’s stock, valued at approximately $6,269,000.

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

Broadstone Net Lease Stock Performance

NYSE BNL opened at $15.66 on Tuesday. The stock has a market capitalization of $2.95 billion, a P/E ratio of 20.60 and a beta of 1.11. The business’s fifty day moving average is $16.26 and its two-hundred day moving average is $17.35. Broadstone Net Lease, Inc. has a 1 year low of $14.20 and a 1 year high of $19.15.

Analyst Ratings Changes

BNL has been the topic of several recent research reports. Citizens Jmp upgraded Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. 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. Finally, 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 research note on Tuesday, December 17th. One research 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.