Broadstone Net Lease, Inc. (NYSE:BNL) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,077 shares of the company’s stock after selling 10,689 shares during the period. Segall Bryant & Hamill LLC owned 0.10% of Broadstone Net Lease worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its holdings in shares of Broadstone Net Lease by 1.0% in 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 purchasing an additional 882 shares during the last quarter. Cerity Partners LLC lifted its stake in Broadstone Net Lease by 2.2% in the third quarter. Cerity Partners LLC now owns 40,480 shares of the company’s stock valued at $767,000 after buying an additional 886 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Broadstone Net Lease by 2.2% in the fourth quarter. Corient Private Wealth LLC now owns 41,892 shares of the company’s stock valued at $664,000 after acquiring an additional 907 shares during the period. Blue Trust Inc. grew 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 during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Broadstone Net Lease by 6.5% in 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. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 0.5 %

NYSE BNL opened at $17.07 on Friday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 19.62 and a beta of 1.09. Broadstone Net Lease, Inc. has a 52-week low of $14.21 and a 52-week high of $19.15. The firm has a 50-day moving average price of $16.29 and a 200 day moving average price of $17.01.

Broadstone Net Lease (NYSE:BNL) last issued its 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 return on equity of 5.10% and a net margin of 37.62%. The business had revenue of $112.13 million during the quarter, compared to the consensus estimate of $109.80 million. On average, equities research analysts expect that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.80%. Broadstone Net Lease’s payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. 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 raised Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, December 17th. Finally, BMO Capital Markets set a $20.00 price objective on Broadstone Net Lease and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.83.

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.