Columbus Macro LLC Makes New Investment in Broadstone Net Lease, Inc. (NYSE:BNL)

Columbus Macro LLC bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 395,271 shares of the company’s stock, valued at approximately $6,269,000. Columbus Macro LLC owned approximately 0.21% of Broadstone Net Lease as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Broadstone Net Lease by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,844,943 shares of the company’s stock valued at $91,827,000 after buying an additional 62,515 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Broadstone Net Lease by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,834,413 shares of the company’s stock worth $34,762,000 after buying an additional 84,509 shares in the last quarter. Victory Capital Management Inc. grew its stake in Broadstone Net Lease by 35.5% in the third quarter. Victory Capital Management Inc. now owns 1,454,507 shares of the company’s stock worth $27,563,000 after purchasing an additional 380,772 shares in the last quarter. Brookfield Corp ON acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter valued at approximately $18,444,000. Finally, Sage Advisors LLC boosted its holdings in shares of Broadstone Net Lease by 2.7% in the 3rd quarter. Sage Advisors LLC now owns 932,736 shares of the company’s stock valued at $17,675,000 after buying an additional 24,670 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Broadstone Net Lease Price Performance

BNL stock opened at $15.66 on Tuesday. Broadstone Net Lease, Inc. has a 1 year low of $14.20 and a 1 year high of $19.15. The company has a market cap of $2.95 billion, a P/E ratio of 20.60 and a beta of 1.11. The stock’s fifty day moving average price is $16.26 and its 200-day moving average price is $17.35.

About Broadstone Net Lease

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.