Broadstone Net Lease Inc (NYSE:BNL) finished Wednesday with an addition of $0.09 to close at $14.37, an upside of 0.63 percent. An average of 1,136,100 shares of common stock have been traded in the last five days. There was a fall of -$1.60 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 936,730 shares traded, while the 50-day average volume stands at 1,000,472.
BNL stock has decreased by -10.41% in the last month. The company shares reached their 1-month lowest point of $14.08 on 09/26/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $14.08 and a high of $18.54 in 52 weeks. It has reached a new high 12 times so far this year and lost -11.35% or -$1.84 in price. In spite of this, the price is down -22.49% from the 52-week high.
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Insider Transactions
BNL stock investors should be aware that Broadstone Net Lease Inc (BNL) stock had its last reported insider trading activity 212 days ago on Mar 17.
Valuation Metrics
Broadstone Net Lease Inc (BNL) has a trailing price-to-earnings (P/E) ratio of 16.21. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.06, the price-to-book (PB) ratio at 0.87, and the price-to-cash flow ratio at 11.31.
The company has a payout ratio of 150.80%. The company’s most recent quarterly dividend payment was $0.28 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Thursday April 27 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.64 for the quarter ending June 29. Its gross profit as reported stood at $188.02 million compared to revenue of $407.51 million.
Earnings Surprise
For the three-month period that ended June 29, Broadstone Net Lease Inc had $80.14 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $60.01 million in the quarter, while revenues of $39.3 million were grew 44.14%. The analyst consensus anticipated Broadstone Net Lease Inc’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.32, a 100.00% surprise. For the quarter, EBITDA amounted to $94.73 million. At the end of the quarter ending June 29, Broadstone Net Lease Inc’s stock balance sheet showed total debt was $1.94 billion. Shareholders own equity worth $187.27 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Broadstone Net Lease Inc (BNL) price momentum. RSI 9-day as of the close on 27 September was 20.15%, suggesting the stock is oversold, with historical volatility in this time frame at 27.35%.
As of today, BNL’s price is $14.64 -10.02% or -$1.60 from its 5-day moving average. BNL is currently trading -11.02% lower than its 20-day SMA and -10.63% lower than its 100-day SMA. However, the stock’s current price level is -9.57% below the SMA50 and -15.92% below the SMA200.
The stochastic %K and %D were 7.32% and 6.62%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 11.60% and the average true range at 0.33, the RSI (14) stands at 25.51%. The stock has reached -0.79 on the 9-day MACD Oscillator while the 14-day reading was at -1.17.
Analyst Ratings
JMP Securities launched coverage on Broadstone Net Lease Inc (NYSE: BNL) in its analyst report released on September 21, 2023. The firm assigned the stock a Mkt perform rating. The consensus rating for Broadstone Net Lease Inc (BNL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BNL, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is BNL’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $22.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for Broadstone Net Lease Inc (BNL) stock is $19.60.
