Signaturefd LLC Lowers Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Signaturefd LLC lowered its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 56.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,686 shares of the company’s stock after selling 2,150 shares during the quarter. Signaturefd LLC’s holdings in Broadstone Net Lease were worth $27,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Broadstone Net Lease by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 14,276,250 shares of the company’s stock worth $226,423,000 after purchasing an additional 227,833 shares during the period. Geode Capital Management LLC boosted its position in shares of Broadstone Net Lease by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,844,943 shares of the company’s stock worth $91,827,000 after acquiring an additional 62,515 shares during the last quarter. Aew Capital Management L P boosted its position in shares of Broadstone Net Lease by 2.3% during the fourth quarter. Aew Capital Management L P now owns 3,135,949 shares of the company’s stock worth $49,736,000 after acquiring an additional 69,690 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Broadstone Net Lease by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,077,513 shares of the company’s stock valued at $48,809,000 after acquiring an additional 71,709 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Broadstone Net Lease by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,834,413 shares of the company’s stock valued at $34,762,000 after acquiring an additional 84,509 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BNL. Citizens Jmp upgraded Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JMP Securities upgraded Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.60.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $16.82 on Wednesday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 19.33 and a beta of 1.09. The business has a 50 day simple moving average of $16.23 and a 200-day simple moving average of $17.01. Broadstone Net Lease, Inc. has a 1 year low of $14.21 and a 1 year high of $19.15.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 company had revenue of $112.13 million during the quarter, compared to analyst estimates of $109.80 million. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.90%. The ex-dividend date is Monday, March 31st. Broadstone Net Lease’s payout ratio is currently 133.33%.

About Broadstone Net Lease

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.