Broadstone Net Lease, Inc. $BNL Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 200.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 635,240 shares of the company’s stock after purchasing an additional 423,562 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Broadstone Net Lease were worth $11,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC increased its holdings in Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares during the period. Advisory Services Network LLC acquired a new stake in Broadstone Net Lease in the 3rd quarter valued at about $61,000. EverSource Wealth Advisors LLC raised its position in Broadstone Net Lease by 80.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after purchasing an additional 1,906 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Broadstone Net Lease by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock valued at $96,000 after buying an additional 1,385 shares during the period. Finally, State of Wyoming purchased a new position in shares of Broadstone Net Lease in the 4th quarter valued at about $134,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $22.39 on Wednesday. The business has a 50-day moving average of $21.19 and a two-hundred day moving average of $19.91. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 34.45 and a beta of 0.94. Broadstone Net Lease, Inc. has a 1 year low of $15.77 and a 1 year high of $23.10.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The business had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. As a group, equities research analysts expect that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on BNL. KeyCorp boosted their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. BTIG Research raised their target price on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. Finally, Citizens Jmp downgraded shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Broadstone Net Lease Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.