Broadstone Net Lease Inc (NYSE: BNL) has seen a rise in its stock price by 0.41 in relation to its previous close of 14.56. However, the company has experienced a 1.25% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-16 that Broadstone Net Lease has the potential for FFO expansion in 2024 and is expected to acquire more industrial properties, leading to dividend hikes. The trust’s valuation has improved, making it a solid buy-and-hold investment with promising risk/reward. Broadstone Net Lease’s focus on industrial properties and rent escalators positions it for FFO growth and protection against inflation.
Is It Worth Investing in Broadstone Net Lease Inc (NYSE: BNL) Right Now?
The price-to-earnings ratio for Broadstone Net Lease Inc (NYSE: BNL) is above average at 17.67x. The 36-month beta value for BNL is also noteworthy at 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 at present, short sellers hold a 1.59% of that float. The average trading volume of BNL on May 02, 2024 was 1.39M shares.
BNL’s Market Performance
BNL’s stock has seen a 1.25% increase for the week, with a -2.92% drop in the past month and a -9.02% fall in the past quarter. The volatility ratio for the week is 1.75%, and the volatility levels for the past 30 days are at 1.79% for Broadstone Net Lease Inc The simple moving average for the past 20 days is -0.15% for BNL’s stock, with a -6.24% simple moving average for the past 200 days.
Analysts’ Opinion of BNL
Goldman, on the other hand, stated in their research note that they expect to see BNL reach a price target of $14. The rating they have provided for BNL stocks is “Sell” according to the report published on March 07th, 2024.
JP Morgan gave a rating of “Overweight” to BNL, setting the target price at $19 in the report published on December 18th of the previous year.
BNL Trading at -1.62% 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 -16.88% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares sank -1.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.74% lower at present.
During the last 5 trading sessions, BNL rose by +1.25%, which changed the moving average for the period of 200-days by -8.34% in comparison to the 20-day moving average, which settled at $14.63. In addition, Broadstone Net Lease Inc saw -15.10% 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 10.47. The receivables turnover for the company is 2.87for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In summary, Broadstone Net Lease Inc (BNL) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
