Mirae Asset Global Investments Co. Ltd. Has $63,000 Holdings in Broadstone Net Lease, Inc. $BNL

Mirae Asset Global Investments Co. Ltd. decreased its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 23.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,916 shares of the company’s stock after selling 1,177 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Broadstone Net Lease were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BNL. GAMMA Investing LLC lifted its stake in Broadstone Net Lease by 1,466.0% in the first quarter. GAMMA Investing LLC now owns 31,711 shares of the company’s stock valued at $540,000 after buying an additional 29,686 shares during the period. SG Americas Securities LLC acquired a new position in Broadstone Net Lease in the first quarter valued at about $375,000. Ritholtz Wealth Management lifted its stake in Broadstone Net Lease by 2.8% in the first quarter. Ritholtz Wealth Management now owns 24,939 shares of the company’s stock valued at $425,000 after buying an additional 673 shares during the period. Columbus Macro LLC lifted its stake in Broadstone Net Lease by 7.6% in the first quarter. Columbus Macro LLC now owns 425,264 shares of the company’s stock valued at $7,246,000 after buying an additional 29,993 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in Broadstone Net Lease by 11.3% in the first quarter. QRG Capital Management Inc. now owns 14,078 shares of the company’s stock valued at $240,000 after buying an additional 1,427 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BNL shares. UBS Group increased their target price on Broadstone Net Lease from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Cantor Fitzgerald initiated coverage on Broadstone Net Lease in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $21.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, October 8th. BTIG Research reissued a “buy” rating and issued a $22.00 target price on shares of Broadstone Net Lease in a research note on Wednesday, October 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $21.00 target price on shares of Broadstone Net Lease in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and an average target price of $19.89.

Broadstone Net Lease Price Performance

Shares of Broadstone Net Lease stock opened at $18.06 on Monday. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 34.73 and a beta of 1.00. The stock’s 50-day moving average is $17.98 and its 200-day moving average is $16.70. Broadstone Net Lease, Inc. has a one year low of $13.96 and a one year high of $18.85.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Tuesday, September 30th. Broadstone Net Lease’s payout ratio is 223.08%.

Broadstone Net Lease Profile

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.