In the past week, BNL stock has gone down by -2.74%, with a monthly decline of -2.95% and a quarterly surge of 0.44%. The volatility ratio for the week is 1.15%, and the volatility levels for the last 30 days are 1.39% for Broadstone Net Lease Inc The simple moving average for the last 20 days is -1.64% for BNL’s stock, with a simple moving average of 10.53% for the last 200 days.
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 21.84x, which is above its average ratio. Moreover, the 36-month beta value for BNL is 1.12. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for BNL is 186.87M and currently, short sellers hold a 2.77% of that float. On October 25, 2024, BNL’s average trading volume was 1.09M shares.
BNL) stock’s latest price update
Broadstone Net Lease Inc (NYSE: BNL) has experienced a decline in its stock price by -0.77 compared to its previous closing price of 18.24. However, the company has seen a fall of -2.74% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-23 that Armada Hoffler Properties is a high-risk, high-reward REIT with a 7.28% dividend yield, focusing on mixed-use ecosystems in Mid-Atlantic markets. Broadstone Net Lease offers stability with a diversified portfolio, strong balance sheet, and a 6.31% dividend yield, trading discounted to peers. CTO Realty Growth, a small-cap REIT, focuses on retail properties in high-growth sunbelt markets, offering a well-covered 7.81% dividend yield.
BNL Trading at -1.43% 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 -5.48% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.15%, as shares sank -3.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.96% upper at present.
During the last 5 trading sessions, BNL fell by -2.74%, which changed the moving average for the period of 200-days by +5.72% in comparison to the 20-day moving average, which settled at $18.40. In addition, Broadstone Net Lease Inc saw 5.11% 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 12.43. The receivables turnover for the company is 165.36for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To wrap up, the performance of Broadstone Net Lease Inc (BNL) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
