Broadstone Net Lease Inc (NYSE: BNL) is -14.34% lower on its value in year-to-date trading and has touched a low of $13.68 and a high of $17.59 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 $14.69 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $14.75, the stock is -2.19% and -3.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.41% at the moment leaves the stock -5.88% off its SMA200. BNL registered -8.76% loss for a year compared to 6-month gain of 1.58%. The firm has a 50-day simple moving average (SMA 50) of $10.54 and a 200-day simple moving average (SMA200) of $11.59.
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The stock witnessed a -0.27% loss in the last 1 month and extending the period to 3 months gives it a -13.59%, and is -0.87% 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 2.11% over the week and 1.92% over the month.
Broadstone Net Lease Inc (BNL) has around 74 employees, a market worth around $2.77B and $448.09M in sales. Current P/E ratio is 17.82 and Fwd P/E is 19.73. Profit margin for the company is 34.57%. Distance from 52-week low is 7.82% and -16.15% from its 52-week high. The company has generated returns on investments over the last 12 months (3.09%).
Broadstone Net Lease Inc quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $106.82M over the same period.The EPS is expected to shrink by -15.06% this year, but quarterly earnings will post -3.70% year-over-year. Quarterly sales are estimated to shrink -5.20% in year-over-year returns.
389 institutions hold shares in Broadstone Net Lease Inc (BNL), with institutional investors hold 85.86% of the company’s shares. The shares outstanding are 187.61M, and float is at 185.66M with Short Float at 1.85%. Institutions hold 85.03% 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 NARASIMHAN SHEKAR, the company’s Director. SEC filings show that NARASIMHAN SHEKAR bought 5,000 shares of the company’s common stock on Feb 27 ’24 at a price of $14.87 per share for a total of $74350.0. Following the purchase, the insider now owns 5000.0 shares.
Broadstone Net Lease Inc disclosed in a document filed with the SEC on Feb 26 ’24 that Moragne John David (Chief Executive Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $14.77 per share for $0.15 million. Following the transaction, the insider now directly holds 0.16 million shares of the BNL stock.
Still, SEC filings show that on Feb 26 ’24, COKE MICHAEL A (Director) acquired 10,000 shares at an average price of $14.67 for $0.15 million. The insider now directly holds 34,817 shares of Broadstone Net Lease Inc (BNL).
