Allianz Asset Management GmbH Has $24.80 Million Stock Holdings in Broadstone Net Lease, Inc. $BNL

Allianz Asset Management GmbH lifted its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 6.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,387,818 shares of the company’s stock after purchasing an additional 85,727 shares during the quarter. Allianz Asset Management GmbH owned 0.73% of Broadstone Net Lease worth $24,800,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Broadstone Net Lease by 96.9% in the third quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock worth $32,000 after buying an additional 881 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Broadstone Net Lease by 80.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after acquiring an additional 1,906 shares in the last quarter. Covestor Ltd boosted its stake in Broadstone Net Lease by 15.2% in the 3rd quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after purchasing an additional 781 shares during the period. CWM LLC grew its position in Broadstone Net Lease by 885.2% during the 2nd quarter. CWM LLC now owns 7,773 shares of the company’s stock worth $125,000 after purchasing an additional 6,984 shares in the last quarter. Finally, EMC Capital Management purchased a new position in Broadstone Net Lease during the 2nd quarter worth approximately $127,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BNL shares. BTIG Research decreased their target price on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, December 5th. BMO Capital Markets restated an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. Truist Financial upped their target price on Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. Cantor Fitzgerald set a $20.00 price target on shares of Broadstone Net Lease in a report on Monday, January 5th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a research note on Tuesday, December 2nd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.91.

Broadstone Net Lease Stock Down 0.7%

BNL stock opened at $19.25 on Friday. The firm has a 50 day moving average of $17.96 and a two-hundred day moving average of $17.90. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.60. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 40.96 and a beta of 1.00.

Broadstone Net Lease Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.