Vanderbilt University Invests $228,000 in Broadstone Net Lease, Inc. (NYSE:BNL)

Vanderbilt University acquired a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,377 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Columbus Macro LLC acquired a new position in shares of Broadstone Net Lease in the fourth quarter worth about $6,269,000. abrdn plc raised its position in shares of Broadstone Net Lease by 30.6% in the 4th quarter. abrdn plc now owns 49,182 shares of the company’s stock valued at $783,000 after purchasing an additional 11,527 shares in the last quarter. Evermay Wealth Management LLC boosted its stake in shares of Broadstone Net Lease by 2.0% during the 4th quarter. Evermay Wealth Management LLC now owns 50,155 shares of the company’s stock valued at $798,000 after buying an additional 969 shares during the last quarter. North Point Portfolio Managers Corp OH acquired a new stake in shares of Broadstone Net Lease during the fourth quarter worth approximately $405,000. Finally, KBC Group NV increased its stake in shares of Broadstone Net Lease by 27.0% in the fourth quarter. KBC Group NV now owns 7,901 shares of the company’s stock worth $125,000 after buying an additional 1,681 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

BNL stock opened at $15.66 on Thursday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 20.60 and a beta of 1.11. The company has a fifty day moving average price of $16.18 and a two-hundred day moving average price of $17.33. Broadstone Net Lease, Inc. has a one year low of $14.20 and a one year high of $19.15.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BNL shares. UBS Group assumed coverage on Broadstone Net Lease in a research report on Thursday, November 14th. They set a “neutral” rating and a $18.00 price target on the stock. Citizens Jmp raised Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. 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 report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.