Verition Fund Management Adds $7M in Broadstone Net Lease, Inc. ($BNL)
Key Points
- Verition Fund Management changed its Broadstone Net Lease, Inc. ($BNL) stake by 54.7% last quarter, boosting to 952,345 shares worth $20.07 million.
- Wall Street's consensus rating on $BNL is Buy and an average price target of $22.33.
- $BNL last traded around $21.07.
Verition Fund Management increased its position in Broadstone Net Lease, Inc. ($BNL) by 54.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 952,345 shares of Broadstone Net Lease, Inc. after buying 336,839 shares during the quarter. Verition Fund Management's holdings in Broadstone Net Lease, Inc. were worth $20.07 million as of its most recent filing.
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About Broadstone Net Lease, Inc.
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. We primarily, and selectively, invest in real estate across industrial and retail property types. We target properties with credit-worthy tenants in industries characterized by positive business drivers and trends, where the properties are an integral part of the tenant's business and there are opportunities to secure long-term net leases. Through long-term net leases, our tenants can retain operational control of their strategically important locations, while allocating their debt and equity capital to fund core business operations rather than real estate ownership. Broadstone Net Lease, Inc. was established on October 18, 2017 and is based in Victor, United States.
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