Broadstone Net Lease Inc (NYSE: BNL) is -6.16% 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 $16.13 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $16.16, the stock is -3.83% and -6.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing 0.19% at the moment leaves the stock -3.07% off its SMA200. BNL registered -7.55% loss for a year compared to 6-month gain of 2.41%. The firm has a 50-day simple moving average (SMA 50) of $17.3786 and a 200-day simple moving average (SMA200) of $16.66425.
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The stock witnessed a -7.02% loss in the last 1 month and extending the period to 3 months gives it a -13.72%, and is 0.00% 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 2.83% over the week and 1.92% over the month.
Broadstone Net Lease Inc (BNL) has around 74 employees, a market worth around $3.05B and $435.76M in sales. Current P/E ratio is 21.49 and Fwd P/E is 20.68. Profit margin for the company is 32.46%. Distance from 52-week low is 13.76% and -15.61% 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 9.57% this year
410.0 institutions hold shares in Broadstone Net Lease Inc (BNL), with institutional investors hold 89.73% of the company’s shares. The shares outstanding are 188.51M, and float is at 186.73M with Short Float at 2.08%. Institutions hold 88.75% 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).
