Broadstone Net Lease, Inc. (NYSE:BNL) Shares Acquired by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC lifted its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 319,033 shares of the company’s stock after purchasing an additional 2,820 shares during the period. Broadstone Net Lease makes up about 1.2% of Mycio Wealth Partners LLC’s investment portfolio, making the stock its 11th biggest position. Mycio Wealth Partners LLC’s holdings in Broadstone Net Lease were worth $5,060,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in Broadstone Net Lease by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 35,730 shares of the company’s stock worth $567,000 after purchasing an additional 3,311 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Broadstone Net Lease by 79.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,955 shares of the company’s stock worth $705,000 after buying an additional 19,839 shares during the last quarter. Global Wealth Management Investment Advisory Inc. purchased a new stake in shares of Broadstone Net Lease during the 4th quarter valued at approximately $196,000. State of Alaska Department of Revenue lifted its holdings in Broadstone Net Lease by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 90,318 shares of the company’s stock valued at $1,432,000 after acquiring an additional 882 shares during the last quarter. Finally, Vanderbilt University purchased a new position in Broadstone Net Lease in the fourth quarter worth approximately $228,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 1.8 %

Broadstone Net Lease stock opened at $15.21 on Thursday. Broadstone Net Lease, Inc. has a 52-week low of $14.20 and a 52-week high of $19.15. The firm has a market cap of $2.87 billion, a PE ratio of 20.01 and a beta of 1.11. The company’s 50 day moving average is $16.00 and its two-hundred day moving average is $17.25.

Analysts Set New Price Targets

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