MetLife Investment Management LLC increased its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL – Get Rating) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,323 shares of the company’s stock after buying an additional 4,625 shares during the period. MetLife Investment Management LLC owned about 0.05% of Broadstone Net Lease worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Broadstone Net Lease by 67.8% during the second quarter. FMR LLC now owns 1,903 shares of the company’s stock valued at $39,000 after purchasing an additional 769 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Broadstone Net Lease by 205.6% in the 2nd quarter. Lazard Asset Management LLC now owns 4,052 shares of the company’s stock worth $83,000 after buying an additional 2,726 shares during the last quarter. US Bancorp DE increased its stake in Broadstone Net Lease by 1,231.1% during the 2nd quarter. US Bancorp DE now owns 6,429 shares of the company’s stock worth $132,000 after buying an additional 5,946 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Broadstone Net Lease during the third quarter valued at approximately $171,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Broadstone Net Lease by 117.3% in the third quarter. Tower Research Capital LLC TRC now owns 11,686 shares of the company’s stock valued at $181,000 after acquiring an additional 6,309 shares in the last quarter. Institutional investors and hedge funds own 79.29% of the company’s stock.
Broadstone Net Lease Price Performance
Shares of Broadstone Net Lease stock opened at $17.83 on Tuesday. Broadstone Net Lease, Inc. has a 1-year low of $14.98 and a 1-year high of $22.80. The stock has a market cap of $3.09 billion, a P/E ratio of 24.76 and a beta of 1.14. The stock’s 50 day simple moving average is $17.45 and its 200-day simple moving average is $17.58.
Broadstone Net Lease Dividend Announcement
Analysts Set New Price Targets
Separately, Morgan Stanley dropped their price target on Broadstone Net Lease from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, December 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Broadstone Net Lease currently has an average rating of “Hold” and a consensus price target of $21.00.
Broadstone Net Lease Company Profile
BNL is an internally-managed 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. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting.
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