Vanderbilt University Purchases Shares of 14,377 Broadstone Net Lease, Inc. (NYSE:BNL)

Vanderbilt University bought a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,377 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds also recently modified their holdings of the stock. Natixis Advisors LLC raised its stake in shares of Broadstone Net Lease by 63.2% during the third quarter. Natixis Advisors LLC now owns 114,272 shares of the company’s stock worth $2,165,000 after acquiring an additional 44,264 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Broadstone Net Lease by 30.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 466,782 shares of the company’s stock worth $7,403,000 after buying an additional 108,907 shares during the period. Meritage Portfolio Management bought a new stake in shares of Broadstone Net Lease in the 3rd quarter valued at about $5,610,000. Intech Investment Management LLC purchased a new stake in shares of Broadstone Net Lease during the third quarter valued at approximately $633,000. Finally, Stifel Financial Corp grew its holdings in shares of Broadstone Net Lease by 6.5% in the third quarter. Stifel Financial Corp now owns 15,470 shares of the company’s stock worth $293,000 after purchasing an additional 939 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

BNL has been the topic of a number of recent analyst reports. 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 research report on Tuesday, December 17th. UBS Group assumed coverage on shares of Broadstone Net Lease in a research report on Thursday, November 14th. They set a “neutral” rating and a $18.00 price objective on the stock. Finally, Citizens Jmp raised shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research report 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Broadstone Net Lease presently has an average rating of “Hold” and a consensus price target of $18.60.

Broadstone Net Lease Stock Performance

NYSE BNL opened at $15.66 on Thursday. The company has a market cap of $2.95 billion, a PE ratio of 20.60 and a beta of 1.11. Broadstone Net Lease, Inc. has a 52-week low of $14.20 and a 52-week high of $19.15. The firm’s 50 day moving average price is $16.18 and its 200-day moving average price is $17.33.

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.