Broadstone Net Lease Inc (NYSE: BNL) is -1.16% lower on its value in year-to-date trading and has touched a low of $14.20 and a high of $19.15 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 $17.20 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $17.02, the stock is -4.72% and -6.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -1.05% at the moment leaves the stock 3.50% off its SMA200. BNL registered 17.14% gain for a year compared to 6-month gain of 8.55%. The firm has a 50-day simple moving average (SMA 50) of $18.2692 and a 200-day simple moving average (SMA200) of $16.44045.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -8.15% loss in the last 1 month and extending the period to 3 months gives it a -2.30%, and is -3.84% 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 2.10% over the week and 1.88% over the month.
Broadstone Net Lease Inc (BNL) has around 74 employees, a market worth around $3.21B and $435.76M in sales. Current P/E ratio is 22.64 and Fwd P/E is 21.75. Profit margin for the company is 32.46%. Distance from 52-week low is 19.82% and -11.12% from its 52-week high. The company has generated returns on investments over the last 12 months (2.83%).
The EPS is expected to grow by 13.48% this year
416.0 institutions hold shares in Broadstone Net Lease Inc (BNL), with institutional investors hold 80.23% of the company’s shares. The shares outstanding are 187.61M, and float is at 186.73M with Short Float at 2.12%. Institutions hold 79.36% 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).
