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Broadstone Net Lease Inc (BNL) Review – Making Smarter Decisions

Broadstone Net Lease Inc (NYSE: BNL) is -11.56% 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 $15.01 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $15.23, the stock is 3.78% and 2.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 1.47% at the moment leaves the stock -2.11% off its SMA200. BNL registered -4.74% loss for a year compared to 6-month gain of 4.53%.

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The stock witnessed a 3.68% loss in the last 1 month and extending the period to 3 months gives it a -5.05%, and is -0.07% 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 1.99% over the week and 1.90% over the month.

Broadstone Net Lease Inc (BNL) has around 74 employees, a market worth around $2.87B and $438.22M in sales. Current P/E ratio is 15.82 and Fwd P/E is 20.67. Profit margin for the company is 41.19%. Distance from 52-week low is 11.33% and -13.42% from its 52-week high. The company has generated returns on investments over the last 12 months (3.59%).

The EPS is expected to shrink by -10.71% this year

The shares outstanding are 187.61M, and float is at 186.32M with Short Float at 1.59%.

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).

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