DecisionMap Wealth Management LLC Sells 25,949 Shares of Broadstone Net Lease, Inc. (NYSE:BNL)

DecisionMap Wealth Management LLC lessened its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 31.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,754 shares of the company’s stock after selling 25,949 shares during the quarter. DecisionMap Wealth Management LLC’s holdings in Broadstone Net Lease were worth $950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ritholtz Wealth Management raised its holdings in shares of Broadstone Net Lease by 2.8% in the 1st quarter. Ritholtz Wealth Management now owns 24,939 shares of the company’s stock worth $425,000 after acquiring an additional 673 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Broadstone Net Lease by 3.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,826 shares of the company’s stock worth $378,000 after acquiring an additional 892 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Broadstone Net Lease by 2.2% in the 4th quarter. Corient Private Wealth LLC now owns 41,892 shares of the company’s stock worth $664,000 after acquiring an additional 907 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Broadstone Net Lease by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 19,735 shares of the company’s stock worth $313,000 after acquiring an additional 975 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in shares of Broadstone Net Lease by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 28,342 shares of the company’s stock worth $452,000 after acquiring an additional 1,080 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Up 0.3%

Broadstone Net Lease stock opened at $16.25 on Friday. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.15. The company’s 50 day moving average price is $15.99 and its two-hundred day moving average price is $16.14. The stock has a market cap of $3.07 billion, a P/E ratio of 26.63 and a beta of 1.00.

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 7.14%. Broadstone Net Lease’s payout ratio is currently 190.16%.

Analyst Ratings Changes

BNL has been the topic of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $21.00 target price on shares of Broadstone Net Lease in a report on Monday, June 2nd. Truist Financial lifted their target price on shares of Broadstone Net Lease from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, May 5th. BMO Capital Markets set a $20.00 target price on shares of Broadstone Net Lease and gave the stock an “outperform” rating in a research report on Monday, March 24th. Finally, UBS Group dropped their target price on shares of Broadstone Net Lease from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Broadstone Net Lease presently has an average rating of “Moderate Buy” and an average target price of $18.67.

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.