2 weeks Ago By ABMN Staff
Renaissance Technologies LLC decreased its holdings in shares of Broadstone Net Lease, Inc. ( NYSE:BNL – Free Report ) by 25.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 292,100 shares of the company’s stock after selling 102,200 shares during the period. Renaissance Technologies LLC’s holdings in Broadstone Net Lease were worth $4,636,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently bought and sold shares of BNL.
Vanguard Group Inc. raised its position in shares of Broadstone Net Lease by 0.6% in the first quarter.
Vanguard Group Inc. now owns 27,962,340 shares of the company’s stock valued at $438,170,000 after buying an additional 178,102 shares during the last quarter. Cohen & Steers Inc.
increased its stake in Broadstone Net Lease by 22.4% in the fourth quarter. Cohen & Steers Inc.
now owns 3,752,300 shares of the company’s stock valued at $64,615,000 after purchasing an additional 686,765 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Broadstone Net Lease by 25.1% during the fourth quarter.
Dimensional Fund Advisors LP now owns 2,332,490 shares of the company’s stock worth $40,166,000 after buying an additional 467,919 shares during the period. Norges Bank purchased a new stake in Broadstone Net Lease in the 4th quarter valued at about $36,180,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Broadstone Net Lease by 3.
2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,767,296 shares of the company’s stock valued at $28,047,000 after acquiring an additional 54,885 shares during the last quarter. Institutional investors and hedge funds own 89.
07% of the company’s stock. Broadstone Net Lease Price Performance BNL stock opened at $18.84 on Friday.
Broadstone Net Lease, Inc. has a 1-year low of $13.68 and a 1-year high of $19.
10. The firm has a fifty day moving average price of $18.02 and a two-hundred day moving average price of $16.
27. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 19.
63 and a beta of 1.11. Broadstone Net Lease Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th.
Stockholders of record on Monday, September 30th will be paid a $0.29 dividend. This represents a $1.
16 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, September 30th.
Broadstone Net Lease’s dividend payout ratio (DPR) is presently 120.83%. Wall Street Analyst Weigh In A number of analysts recently issued reports on the stock.
Wedbush started coverage on shares of Broadstone Net Lease in a research report on Monday, August 19th. They set an “outperform” rating and a $20.00 target price for the company.
KeyCorp initiated coverage on shares of Broadstone Net Lease in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. The Goldman Sachs Group upped their price target on shares of Broadstone Net Lease from $14.
50 to $16.00 and gave the stock a “sell” rating in a research report on Friday, September 13th. Finally, Truist Financial upped their target price on Broadstone Net Lease from $16.
00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company.
According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.00. Read Our Latest Stock Report on Broadstone Net Lease About Broadstone Net Lease ( Free Report ) BNL is an industrial-focused, diversified net lease REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants.
Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of September 30, 2023, BNL's diversified portfolio consisted of 800 individual net leased commercial properties with 793 properties located in 44 U.S. Further Reading Want to see what other hedge funds are holding BNL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Broadstone Net Lease, Inc. ( NYSE:BNL – Free Report ). Receive News & Ratings for Broadstone Net Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadstone Net Lease and related companies with MarketBeat.
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