Broadstone Net Lease, Inc. (NYSE:BNL) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP reduced its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,821 shares of the company’s stock after selling 102,925 shares during the quarter. Dark Forest Capital Management LP owned approximately 0.06% of Broadstone Net Lease worth $1,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aew Capital Management L P increased its stake in Broadstone Net Lease by 2.3% during the 4th quarter. Aew Capital Management L P now owns 3,135,949 shares of the company’s stock worth $49,736,000 after buying an additional 69,690 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Broadstone Net Lease by 30.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 466,782 shares of the company’s stock valued at $7,403,000 after acquiring an additional 108,907 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Broadstone Net Lease by 79.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,955 shares of the company’s stock worth $705,000 after acquiring an additional 19,839 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Broadstone Net Lease by 15.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,820,961 shares of the company’s stock worth $28,880,000 after purchasing an additional 237,083 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Broadstone Net Lease by 234.3% during the fourth quarter. Intech Investment Management LLC now owns 111,588 shares of the company’s stock worth $1,770,000 after purchasing an additional 78,205 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Broadstone Net Lease Trading Up 1.3 %

NYSE BNL opened at $16.15 on Wednesday. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $19.15. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.57 and a beta of 1.03. The business’s 50 day moving average is $16.35 and its two-hundred day moving average is $16.63.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share 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 business had revenue of $112.13 million for the quarter, compared to analysts’ expectations of $109.80 million. Equities analysts forecast that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date of this dividend was Monday, March 31st. Broadstone Net Lease’s dividend payout ratio is currently 133.33%.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a $20.00 target price on Broadstone Net Lease and gave the company an “outperform” rating in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.