Broadstone Net Lease Inc (NYSE: BNL) has a price-to-earnings ratio of 17.95x that is above its average ratio. Additionally, the 36-month beta value for BNL is 1.11. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BNL is 185.66M and currently, short sellers hold a 1.68% ratio of that float. The average trading volume of BNL on April 04, 2024 was 1.33M shares.
BNL) stock’s latest price update
Broadstone Net Lease Inc (NYSE: BNL)’s stock price has plunge by -1.39relation to previous closing price of 15.06. Nevertheless, the company has seen a -2.17% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-29 that Broadstone Net Lease has a portfolio that’s tilted towards industrial properties and offers an appealing 7.4% dividend yield. BNL has a long weighted-average lease term of 10.5 years and a high leased rate of 99.4%. The company is undergoing a portfolio transformation to reduce its exposure to healthcare and increase its focus on industrial properties.
BNL’s Market Performance
Broadstone Net Lease Inc (BNL) has seen a -2.17% fall in stock performance for the week, with a -1.26% decline in the past month and a -15.38% plunge in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 1.86% for BNL. The simple moving average for the past 20 days is -1.03% for BNL’s stock, with a -5.36% simple moving average for the past 200 days.
Analysts’ Opinion of BNL
Many brokerage firms have already submitted their reports for BNL stocks, with Goldman repeating the rating for BNL by listing it as a “Sell.” The predicted price for BNL in the upcoming period, according to Goldman is $14 based on the research report published on March 07, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see BNL reach a price target of $19. The rating they have provided for BNL stocks is “Overweight” according to the report published on December 18th, 2023.
Wolfe Research gave a rating of “Outperform” to BNL, setting the target price at $17 in the report published on October 18th of the previous year.
BNL Trading at -3.86% from the 50-Day Moving Average
After a stumble in the market that brought BNL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.58% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares surge +1.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.34% lower at present.
During the last 5 trading sessions, BNL fell by -2.17%, which changed the moving average for the period of 200-days by -9.45% in comparison to the 20-day moving average, which settled at $15.01. In addition, Broadstone Net Lease Inc saw -13.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BNL starting from NARASIMHAN SHEKAR, who purchase 5,000 shares at the price of $14.87 back on Feb 27 ’24. After this action, NARASIMHAN SHEKAR now owns 5,000 shares of Broadstone Net Lease Inc, valued at $74,350 using the latest closing price.
Moragne John David, the Chief Executive Officer of Broadstone Net Lease Inc, purchase 10,000 shares at $14.77 during a trade that took place back on Feb 26 ’24, which means that Moragne John David is holding 162,256 shares at $147,688 based on the most recent closing price.
Stock Fundamentals for BNL
Current profitability levels for the company are sitting at:
- 0.84 for the present operating margin
- 0.95 for the gross margin
The net margin for Broadstone Net Lease Inc stands at 0.35. The total capital return value is set at 0.07. Equity return is now at value 5.06, with 2.90 for asset returns.
Based on Broadstone Net Lease Inc (BNL), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 4.65.
Currently, EBITDA for the company is 379.72 million with net debt to EBITDA at 4.98. When we switch over and look at the enterprise to sales, we see a ratio of 10.56. The receivables turnover for the company is 2.87for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, Broadstone Net Lease Inc (BNL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
