Broadstone Net Lease Inc (NYSE: BNL) is 2.15% higher on its value in year-to-date trading and has touched a low of $13.91 and a high of $19.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BNL stock was last observed hovering at around $18.11 in the last trading session, with the day’s loss setting it -0.52%.
Currently trading at $17.59, the stock is -3.42% and -4.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -2.87% at the moment leaves the stock 7.25% off its SMA200. BNL registered 24.31% gain for a year compared to 6-month gain of 15.42%. The firm has a 50-day simple moving average (SMA 50) of $18.3868 and a 200-day simple moving average (SMA200) of $16.40065.
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The stock witnessed a -4.76% loss in the last 1 month and extending the period to 3 months gives it a 2.39%, and is -2.82% 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 2.31% over the week and 1.52% over the month.
Broadstone Net Lease Inc (BNL) has around 74 employees, a market worth around $3.32B and $435.57M in sales. Current P/E ratio is 21.22 and Fwd P/E is 22.44. Profit margin for the company is 35.74%. Distance from 52-week low is 26.46% and -8.15% from its 52-week high. The company has generated returns on investments over the last 12 months (3.10%).
Broadstone Net Lease Inc quarterly earnings per share for the current quarter are estimated at 0.2 with sales reaching $109.49M over the same period.The EPS is expected to grow by 14.86% this year, but quarterly earnings will post -4.10% year-over-year. Quarterly sales are estimated to grow 4.30% in year-over-year returns.
405.0 institutions hold shares in Broadstone Net Lease Inc (BNL), with institutional investors hold 87.04% of the company’s shares. The shares outstanding are 187.61M, and float is at 186.87M with Short Float at 2.33%. Institutions hold 86.17% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 27.66 million shares valued at $438.97 million. The investor’s holdings represent 14.7688 of the BNL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.19 million shares valued at $304.49 million to account for 10.2444 of the shares outstanding. The other top investors are PRINCIPAL FINANCIAL GROUP INC which holds 14.72 million shares representing 7.8602 and valued at over $233.63 million, while STATE STREET CORP holds 4.3738 of the shares totaling 8.19 million with a market value of $132.32 million.
Broadstone Net Lease Inc (BNL) Insider Activity
The most recent transaction is an insider sale by Wiegel Molly, the company’s SVP – Human Resources & Admin. SEC filings show that Wiegel Molly sold 6,320 shares of the company’s common stock on May 14 ’24 at a price of $15.48 per share for a total of $97838.0. Following the sale, the insider now owns 56680.0 shares.
Broadstone Net Lease Inc disclosed in a document filed with the SEC on Feb 27 ’24 that NARASIMHAN SHEKAR (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $14.87 per share for $74350.0. Following the transaction, the insider now directly holds 5000.0 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).
