As of Wednesday close, Broadstone Net Lease Inc.’s (NYSE:BNL) stock was down -$0.27, moving down -1.66 percent to $16.04. The average number of shares traded per day over the past five days has been 982,040 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.50 fall in that time frame. In the last twenty days, the average volume was 1,178,185, while in the previous 50 days, it was 1,203,778.
Since last month, BNL stock rose 0.94%. Shares of the company fell to $15.73 on 07/18/23, the lowest level in the past month. A 52-week high of $21.24 was reached on 02/16/23 after having rallying from a 52-week low of $14.98. Since the beginning of this year, BNL’s stock price has dropped by -1.05% or -$0.17, and marked a new high 12 times. However, the stock has declined by -24.48% since its 52-week high.
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BNL stock investors should be aware that Broadstone Net Lease Inc. (BNL) stock had its last reported insider trading activity 153 days ago on Mar 17. Albano Ryan M, the President & COO of the company, purchased of 6,200 shares for $16.74 on Mar 17. It resulted in a $103,800 investment by the insider. Moragne John David added 5,982 shares at an average price of $16.72 on Mar 17. The insider now owns 152,256 shares following the transaction. On Mar 10, EVP & CFO Fennell Kevin bought 3,250 shares at $16.45 apiece. The transaction was valued at $53,462.
Valuation Metrics
Right now, Broadstone Net Lease Inc. (BNL) has a P/E ratio of about 18.08. The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 6.79, the price-to-book (PB) ratio of 0.96.
The latest dividend of $0.28 per share was paid out, remained unchanged from last year’s $0.28. On Thursday April 27 2023, a $0.0050 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.63, and the total debt-to-equity ratio was 0.63. On the profitability front, the trailing twelve-month gross margin is 85.10% percent. In the year ended June 29, operating margins totaled 47.30%. Based on annual data, BNL earned $188.02 million in gross profit and brought in $407.51 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.60%. Return on equity (ROE) for the past 12 months was 5.30%.
In Broadstone Net Lease Inc.’s quarter-end financial report for June 29, it reported total debt of $80.14 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BNL’s revenue rose 10.37% to $118.99 million during the quarter, while net income inched up to $109.35 million. While analysts expected Broadstone Net Lease Inc. to report $0.16 quarterly earnings, the actual figure was $0.32 per share. During the quarter, the company generated $94.73 million in EBITDA. The value of shareholders’ equity is $187.27 million.
Technical Picture
This quick technical analysis looks at Broadstone Net Lease Inc.’s (BNL) price momentum. With a historical volatility rate of 12.71%, the RSI 9-day stood at 34.51% on 16 August.
With respect to its five-day moving average, the current Broadstone Net Lease Inc. price is down by -3.02% percent or -$0.50. At present, BNL shares trade -1.66% below its 20-day simple moving average and -1.66% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.82% above its SMA50 and -5.87% below its SMA200.
Stochastic coefficient K was 17.13% and Stochastic coefficient D was 24.78%, while ATR was 0.36. Given the Stochastic reading of 2.35% for the 14-day period, the RSI (14) reading has been calculated as 42.43%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.18.
Analyst Ratings
Broadstone Net Lease Inc. downgraded its rating on Broadstone Net Lease Inc. (NYSE: BNL) to a Hold in a note to investors on August 24, 2021. The analysts firm previously had a Buy rating on the stock.Broadstone Net Lease Inc. (BNL) has been rated Overweight by analysts. According to 0 brokerage firms, BNL is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Broadstone Net Lease Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $19.00 – $22.00. Based on these forecasts, analysts predict Broadstone Net Lease Inc. (BNL) will achieve an average price target of $19.80.
