The stock price of Broadstone Net Lease Inc (NYSE: BNL) has dropped by -1.12 compared to previous close of 15.18. Despite this, the company has seen a gain of 2.67% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-07 that Dividend Income: Lanny’s April 2024 Summary
Is It Worth Investing in Broadstone Net Lease Inc (NYSE: BNL) Right Now?
Broadstone Net Lease Inc (NYSE: BNL) has a price-to-earnings ratio of 15.59x 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 186.38M and currently, short sellers hold a 1.59% ratio of that float. The average trading volume of BNL on May 09, 2024 was 1.43M shares.
BNL’s Market Performance
The stock of Broadstone Net Lease Inc (BNL) has seen a 2.67% increase in the past week, with a -2.34% drop in the past month, and a -5.42% fall in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 1.94% for BNL. The simple moving average for the past 20 days is 2.39% for BNL’s stock, with a -3.57% 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 0.97% 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 -14.67% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +2.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.67% upper at present.
During the last 5 trading sessions, BNL rose by +2.67%, which changed the moving average for the period of 200-days by -11.03% in comparison to the 20-day moving average, which settled at $14.68. In addition, Broadstone Net Lease Inc saw -12.83% 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
- 0.86 for the gross margin
The net margin for Broadstone Net Lease Inc stands at 0.42. The total capital return value is set at 0.07. Equity return is now at value 5.89, with 3.42 for asset returns.
Based on Broadstone Net Lease Inc (BNL), the company’s capital structure generated 0.38 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 0.62. The interest coverage ratio of the stock is 4.71.
Currently, EBITDA for the company is 379.72 million with net debt to EBITDA at 4.7. When we switch over and look at the enterprise to sales, we see a ratio of 10.53. The receivables turnover for the company is 517.96for 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.
