Who is the Top Investor In Broadstone Net Lease Inc (BNL)?

Broadstone Net Lease Inc (NYSE: BNL) is -6.85% lower on its value in year-to-date trading and has touched a low of $13.68 and a high of $18.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BNL stock was last observed hovering at around $15.87 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $16.04, the stock is -2.64% and -3.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 1.07% at the moment leaves the stock 1.43% off its SMA200. BNL registered -8.10% loss for a year compared to 6-month gain of -2.45%. The firm has a 50-day simple moving average (SMA 50) of $10.93 and a 200-day simple moving average (SMA200) of $11.07.

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The stock witnessed a -6.31% loss in the last 1 month and extending the period to 3 months gives it a 10.09%, and is -2.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.79% over the week and 2.09% over the month.

Broadstone Net Lease Inc (BNL) has around 73 employees, a market worth around $3.00B and $450.49M in sales. Current P/E ratio is 16.12 and Fwd P/E is 21.33. Profit margin for the company is 40.66%. Distance from 52-week low is 17.25% and -12.07% from its 52-week high. The company has generated returns on investments over the last 12 months (3.61%).

Broadstone Net Lease Inc quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $110.23M over the same period.The EPS is expected to grow by 39.87% this year, but quarterly earnings will post 8.70% year-over-year. Quarterly sales are estimated to shrink -1.70% in year-over-year returns.

373 institutions hold shares in Broadstone Net Lease Inc (BNL), with institutional investors hold 86.81% of the company’s shares. The shares outstanding are 187.26M, and float is at 185.67M with Short Float at 1.36%. Institutions hold 86.15% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 28.05 million shares valued at $433.14 million. The investor’s holdings represent 14.98% of the BNL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.81 million shares valued at $274.98 million to account for 9.51% of the shares outstanding. The other top investors are Principal Financial Group, Inc. which holds 13.9 million shares representing 7.42% and valued at over $214.69 million, while State Street Corporation holds 4.72% of the shares totaling 8.83 million with a market value of $136.36 million.

Broadstone Net Lease Inc (BNL) Insider Activity

The most recent transaction is an insider purchase by Albano Ryan M, the company’s President & COO. SEC filings show that Albano Ryan M bought 6,200 shares of the company’s common stock on Mar 17 at a price of $16.74 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.16 million shares.

Broadstone Net Lease Inc disclosed in a document filed with the SEC on Mar 17 that Moragne John David (Chief Executive Officer) bought a total of 5,982 shares of the company’s common stock. The trade occurred on Mar 17 and was made at $16.72 per share for $0.1 million. Following the transaction, the insider now directly holds 0.15 million shares of the BNL stock.

Still, SEC filings show that on Mar 10, Fennell Kevin (EVP & CFO) acquired 3,250 shares at an average price of $16.45 for $53462.0. The insider now directly holds 59,556 shares of Broadstone Net Lease Inc (BNL).

Broadstone Net Lease Inc (BNL): Who are the competitors?

One of the company’s main competitors (and peers) include Prologis Inc. (PLD) that is trading 2.79% up over the past 12 months.Equinix Inc. (EQIX) lies in the list of competitors of the Broadstone Net Lease Inc and is 17.21% higher over the same period from BNLAlexandria Real Estate Equities Inc. (ARE) is -28.84% down on the 1-year trading charts.