Broadstone Net Lease Inc (BNL) Shares Plummet Below 1-Year High

Broadstone Net Lease Inc (NYSE: BNL)’s stock price has dropped by -0.68 in relation to previous closing price of 18.36. Nevertheless, the company has seen a gain of 0.08% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-12 that Younger investors can afford riskier REITs, but retirees need dependable income sources. Avoid mortgage and lodging REITs due to their volatility and economic sensitivity. Broadstone Net Lease offers a strong combination of safety, quality, yield, and value with a 6.34% dividend yield and investment-grade credit rating. CTO Realty Growth is transitioning to a shopping center REIT, offering a 7.79% dividend yield and trading at a discounted AFFO multiple.

Is It Worth Investing in Broadstone Net Lease Inc (NYSE: BNL) Right Now?

Broadstone Net Lease Inc (NYSE: BNL) has a higher price-to-earnings ratio of 22.00x compared to its average ratio, The 36-month beta value for BNL is at 1.11. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”

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The public float for BNL is 186.42M, and currently, shorts hold a 3.09% of that float. The average trading volume for BNL on September 12, 2024 was 1.16M shares.

BNL’s Market Performance

The stock of Broadstone Net Lease Inc (BNL) has seen a 0.08% increase in the past week, with a 6.20% rise in the past month, and a 19.03% gain in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.57% for BNL. The simple moving average for the past 20 days is 0.77% for BNL’s stock, with a 13.17% simple moving average for the past 200 days.

BNL Trading at 4.44% 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 -2.56% of loss for the given period.

Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +4.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.36% upper at present.

During the last 5 trading sessions, BNL rose by +0.16%, which changed the moving average for the period of 200-days by +14.92% in comparison to the 20-day moving average, which settled at $18.14. In addition, Broadstone Net Lease Inc saw 5.89% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BNL starting from Wiegel Molly, who sale 6,320 shares at the price of $15.48 back on May 14 ’24. After this action, Wiegel Molly now owns 56,680 shares of Broadstone Net Lease Inc, valued at $97,838 using the latest closing price.

NARASIMHAN SHEKAR, the Director of Broadstone Net Lease Inc, purchase 5,000 shares at $14.87 during a trade that took place back on Feb 27 ’24, which means that NARASIMHAN SHEKAR is holding 5,000 shares at $74,350 based on the most recent closing price.

Stock Fundamentals for BNL

Current profitability levels for the company are sitting at:

  • 0.85 for the present operating margin
  • 0.77 for the gross margin

The net margin for Broadstone Net Lease Inc stands at 0.36. The total capital return value is set at 0.07. Equity return is now at value 5.08, with 2.95 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 0.15. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 4.86.

Currently, EBITDA for the company is 379.72 million with net debt to EBITDA at 5.31. When we switch over and look at the enterprise to sales, we see a ratio of 12.49. The receivables turnover for the company is 165.36for trailing twelve months and the total asset turnover is 0.08.

Conclusion

In conclusion, Broadstone Net Lease Inc (BNL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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