Broadstone Net Lease Inc (NYSE: BNL) is -3.15% lower on its value in year-to-date trading and has touched a low of $14.02 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 $14.72 in the last trading session, with the day’s gains setting it 0.64%.
Currently trading at $15.36, the stock is -8.03% and -6.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.39 million and changing 4.35% at the moment leaves the stock -9.77% off its SMA200. BNL registered 2.42% gain for a year compared to 6-month loss of -15.09%. The firm has a 50-day simple moving average (SMA 50) of $16.354 and a 200-day simple moving average (SMA200) of $17.0605.
The stock witnessed a -9.22% gain in the last 1 month and extending the period to 3 months gives it a -1.48%, and is -10.33% 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 6.51% over the week and 3.03% over the month.
Broadstone Net Lease Inc (BNL) has around 73 employees, a market worth around $2.90B and $438.77M in sales. Current P/E ratio is 18.02 and Fwd P/E is 20.45. Profit margin for the company is 36.74%. Distance from 52-week low is 9.52% and -19.79% from its 52-week high. The company has generated returns on investments over the last 12 months (3.25%).
with sales reaching $109.26M over the same period.The EPS is expected to shrink by -16.58% this year, but quarterly earnings will post 3.66% year-over-year. Quarterly sales are estimated to grow 3.69% in year-over-year returns.
430.0 institutions hold shares in Broadstone Net Lease Inc (BNL), with institutional investors hold 88.11% of the company’s shares. The shares outstanding are 188.63M, and float is at 187.08M with Short Float at 2.66%. Institutions hold 87.29% 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 10.2364 of the shares outstanding. The other top investors are PRINCIPAL FINANCIAL GROUP INC which holds 14.72 million shares representing 7.8541 and valued at over $233.63 million, while STATE STREET CORP holds 4.3704 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.
