Advisors Capital Management Discloses New Position in Broadstone Net Lease, Inc.
According to a recent Form 13F filing submitted to the SEC, Advisors Capital Management disclosed a noteworthy new position in Broadstone Net Lease, Inc. (NYSE: BNL) stock. Here’s what you need to know about Broadstone Net Lease, Inc., as well as Advisors Capital Management’s position in shares of BNL stock:
Advisors Capital Management
Ridgewood, New Jersey-based Advisors Capital Management, LLC offers custom-tailored investment portfolios and management solutions to keep investors on top of their money. Advisors Capital Management has over $5 billion in discretionary assets under management. You can learn more about Advisors Capital Management on their website here.
Advisors Capital Management’s New Position in BNL Stock
According to the most recent 13F filing from Advisors Capital Management, the institutional investment manager added a meaningful position in Broadstone Net Lease, Inc. (NYSE: BNL), with 128,503 shares, which represents approximately 0.0701% of the 183,319,997 total BNL shares outstanding. Based on BNL’s last closing price of $17.62 per share, Advisors Capital Management’s stake in BNL is worth approximately $2,264,222.86, assuming no change in the position size. If you’re not very familiar with Broadstone Net Lease, Inc., learn more below.
Broadstone Net Lease, Inc. (NYSE: BNL)
BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of September 30, 2020, BNL’s diversified portfolio consisted of 627 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value of approximately $4.0 billion.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Advisors Capital Management. Also be sure to check out more recent 13F filing analysis news here.