Mycio Wealth Partners LLC Has $5.14 Million Position in Broadstone Net Lease, Inc. $BNL

Mycio Wealth Partners LLC raised its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,501 shares of the company’s stock after acquiring an additional 742 shares during the quarter. Broadstone Net Lease makes up about 1.2% of Mycio Wealth Partners LLC’s investment portfolio, making the stock its 11th largest holding. Mycio Wealth Partners LLC owned 0.17% of Broadstone Net Lease worth $5,144,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC bought a new position in Broadstone Net Lease during the second quarter worth about $45,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Broadstone Net Lease during the first quarter worth about $115,000. CWM LLC increased its position in Broadstone Net Lease by 885.2% during the second quarter. CWM LLC now owns 7,773 shares of the company’s stock worth $125,000 after acquiring an additional 6,984 shares during the period. KBC Group NV increased its holdings in Broadstone Net Lease by 15.1% in the 1st quarter. KBC Group NV now owns 9,094 shares of the company’s stock valued at $155,000 after buying an additional 1,193 shares during the period. Finally, Arrow Investment Advisors LLC bought a new position in Broadstone Net Lease in the 2nd quarter valued at about $172,000. 89.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on BNL shares. BTIG Research reissued a “buy” rating and issued a $22.00 target price on shares of Broadstone Net Lease in a report on Wednesday, October 1st. KeyCorp raised shares of Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Tuesday, August 19th. Wolfe Research raised shares of Broadstone Net Lease from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Monday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Broadstone Net Lease in a report on Friday. Finally, The Goldman Sachs Group raised shares of Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.89.

Broadstone Net Lease Stock Performance

BNL opened at $18.72 on Friday. The firm has a market cap of $3.54 billion, a P/E ratio of 35.99 and a beta of 1.00. The firm has a 50-day moving average of $18.34 and a 200 day moving average of $16.84. Broadstone Net Lease, Inc. has a fifty-two week low of $13.96 and a fifty-two week high of $18.87.

Broadstone Net Lease Company 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.