DecisionMap Wealth Management LLC Decreases Stake in Broadstone Net Lease, Inc. $BNL

DecisionMap Wealth Management LLC lessened its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,842 shares of the company’s stock after selling 4,912 shares during the quarter. DecisionMap Wealth Management LLC’s holdings in Broadstone Net Lease were worth $816,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BNL. Nuveen LLC acquired a new position in Broadstone Net Lease during the first quarter worth about $28,127,000. Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Broadstone Net Lease in the 1st quarter worth approximately $11,646,000. Allianz Asset Management GmbH grew its holdings in shares of Broadstone Net Lease by 87.3% in the 1st quarter. Allianz Asset Management GmbH now owns 1,288,892 shares of the company’s stock worth $21,963,000 after acquiring an additional 600,633 shares during the period. Boston Partners purchased a new position in Broadstone Net Lease in the 1st quarter valued at approximately $8,071,000. Finally, Cetera Investment Advisers acquired a new position in Broadstone Net Lease during the first quarter worth $7,259,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BNL shares. Wolfe Research raised Broadstone Net Lease from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Monday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadstone Net Lease in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. BTIG Research restated a “buy” rating and set a $22.00 target price on shares of Broadstone Net Lease in a research report on Wednesday, October 1st. Finally, KeyCorp upgraded shares of Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.89.

Broadstone Net Lease Trading Up 1.4%

Shares of BNL stock opened at $18.84 on Tuesday. The firm has a 50-day moving average price of $18.18 and a 200 day moving average price of $16.76. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $18.85. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 36.22 and a beta of 1.00.

Broadstone Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Broadstone Net Lease’s payout ratio is currently 223.08%.

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.