Broadstone Net Lease Inc (NYSE: BNL) is -0.23% 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 $17.04 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $17.18, the stock is -1.65% and -5.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 0.82% at the moment leaves the stock 4.28% off its SMA200. BNL registered 10.13% gain for a year compared to 6-month gain of 12.95%. The firm has a 50-day simple moving average (SMA 50) of $18.1166 and a 200-day simple moving average (SMA200) of $16.46785.
The stock witnessed a -5.81% loss in the last 1 month and extending the period to 3 months gives it a -5.45%, and is 1.48% up 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 1.72% over the week and 2.00% over the month.
Broadstone Net Lease Inc (BNL) has around 74 employees, a market worth around $3.24B and $435.76M in sales. Current P/E ratio is 22.85 and Fwd P/E is 21.91. Profit margin for the company is 32.46%. Distance from 52-week low is 20.94% and -10.29% 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 10.54% this year
413.0 institutions hold shares in Broadstone Net Lease Inc (BNL), with institutional investors hold 82.44% 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 81.55% 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).
