Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did 😎Read how

Cohen & Steers Inc. established new holdings in Broadstone Net Lease, Inc.

Published 01/11/2021, 09:08 AM
Updated 01/11/2021, 09:31 AM
© Reuters.  Cohen & Steers Inc. established new holdings in Broadstone Net Lease, Inc.

On the 31st of December, Cohen & Steers (NYSE:CNS) Inc. purchased 6.3 million Broadstone Net Lease, Inc. (BNL) shares for $124 million at an average price of $19.58 per share. Shares of Broadstone Net Lease, Inc. are down -3.83% since the transaction.

Cohen & Steers Inc. 's holding in Broadstone Net Lease, Inc. established a new holding of about 6.3 million shares with the purchase.

Cohen & Steers Inc. first bought Broadstone Net Lease, Inc. stock in the third quarter of 2020. Cohen & Steers Inc. also owns Public Storage (NYSE:PSA), Simon Property Group Inc (NYSE:SPG), Welltower Inc (NYSE:WELL) and Essex Property Trust Inc (NYSE:ESS). Broadstone Net Lease, Inc. is its number twenty four position by number of shares and market value among real estate investment trusts stocks.

Other investors who also introduced BNL shares to their portfolio include Fort Washington Investment Advisors, Millennium Management, and Centersquare Investment Management.

Cohen & Steers Inc. has also recently reduced their share in Agree Realty Corp (NYSE:ADC) and Kilroy Realty Corp (NYSE:KRC). The total value of the shares sold is estimated at around $347 million.

Cohen & Steers Inc. also added to their share in CyrusOne Inc (NASDAQ:CONE). The total value of the shares bought is estimated at around $833 million.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.