Armor Investment Advisors LLC Has $723,000 Stock Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Armor Investment Advisors LLC cut its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 31.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,573 shares of the company’s stock after selling 21,069 shares during the quarter. Armor Investment Advisors LLC’s holdings in Broadstone Net Lease were worth $723,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Broadstone Net Lease during the second quarter valued at approximately $614,000. SG Americas Securities LLC acquired a new stake in Broadstone Net Lease during the third quarter valued at approximately $449,000. GAMMA Investing LLC boosted its holdings in Broadstone Net Lease by 257.5% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $33,000 after purchasing an additional 1,272 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Broadstone Net Lease by 6.5% during the third quarter. Ritholtz Wealth Management now owns 25,766 shares of the company’s stock valued at $488,000 after purchasing an additional 1,580 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Broadstone Net Lease during the third quarter valued at approximately $354,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Price Performance

BNL stock opened at $15.38 on Tuesday. The company has a 50 day moving average price of $16.07 and a 200 day moving average price of $17.28. Broadstone Net Lease, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $19.15. The stock has a market capitalization of $2.90 billion, a PE ratio of 20.23 and a beta of 1.11.

Analyst Ratings Changes

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

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.