KBC Group NV Grows Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

KBC Group NV raised its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 27.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,901 shares of the company’s stock after purchasing an additional 1,681 shares during the quarter. KBC Group NV’s holdings in Broadstone Net Lease were worth $125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Broadstone Net Lease by 257.5% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $33,000 after acquiring an additional 1,272 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Broadstone Net Lease by 156.5% in the third quarter. Blue Trust Inc. now owns 3,902 shares of the company’s stock worth $74,000 after purchasing an additional 2,381 shares during the last quarter. US Bancorp DE raised its stake in shares of Broadstone Net Lease by 636.6% during the third quarter. US Bancorp DE now owns 3,941 shares of the company’s stock valued at $75,000 after acquiring an additional 3,406 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Broadstone Net Lease by 35.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,314 shares of the company’s stock worth $138,000 after purchasing an additional 1,908 shares during the period. Finally, FMR LLC increased its stake in shares of Broadstone Net Lease by 84.0% during the third quarter. FMR LLC now owns 9,992 shares of the company’s stock valued at $189,000 after buying an additional 4,562 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BNL. JMP Securities upgraded shares of Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, December 17th. Citizens Jmp raised shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, UBS Group began coverage on shares of Broadstone Net Lease in a research note on Thursday, November 14th. They issued a “neutral” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.60.

Broadstone Net Lease Trading Down 1.8 %

Shares of BNL stock opened at $15.52 on Friday. Broadstone Net Lease, Inc. has a 12-month low of $14.20 and a 12-month high of $19.15. The stock has a market capitalization of $2.93 billion, a P/E ratio of 20.42 and a beta of 1.11. The firm’s 50 day moving average is $16.11 and its 200 day moving average is $17.31.

Broadstone Net Lease Company 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.