Daiwa Securities Group Inc. Raises Stake in Broadstone Net Lease, Inc. (NYSE:BNL)

Posted by on Jul 29th, 2023

Daiwa Securities Group Inc. grew its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL – Free Report) by 13.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,895 shares of the company’s stock after purchasing an additional 6,162 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Broadstone Net Lease were worth $900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Brinker Capital Investments LLC boosted its stake in shares of Broadstone Net Lease by 2.3% during the first quarter. Brinker Capital Investments LLC now owns 22,698 shares of the company’s stock valued at $494,000 after purchasing an additional 518 shares during the period. First Republic Investment Management Inc. lifted its stake in Broadstone Net Lease by 2.8% in the second quarter. First Republic Investment Management Inc. now owns 25,698 shares of the company’s stock worth $527,000 after acquiring an additional 698 shares during the period. FMR LLC lifted its stake in Broadstone Net Lease by 67.8% in the second quarter. FMR LLC now owns 1,903 shares of the company’s stock worth $39,000 after acquiring an additional 769 shares during the period. LPL Financial LLC lifted its stake in Broadstone Net Lease by 2.2% in the fourth quarter. LPL Financial LLC now owns 38,476 shares of the company’s stock worth $624,000 after acquiring an additional 837 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in Broadstone Net Lease by 11.9% in the first quarter. Mackenzie Financial Corp now owns 9,778 shares of the company’s stock worth $213,000 after acquiring an additional 1,038 shares during the period. 76.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial lowered their price objective on shares of Broadstone Net Lease from $20.00 to $19.00 in a research note on Thursday, June 15th.

Broadstone Net Lease Stock Performance

Shares of Broadstone Net Lease stock opened at $16.52 on Friday. The company has a market capitalization of $3.09 billion, a PE ratio of 21.45 and a beta of 1.07. The company has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $16.65. Broadstone Net Lease, Inc. has a one year low of $14.98 and a one year high of $22.72.

About Broadstone Net Lease

(Free Report)

BNL is a real estate investment trust 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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Institutional Ownership by Quarter for Broadstone Net Lease (NYSE:BNL)

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