Let’s look at the key reasons that are pushing Broadstone Net Lease Inc (BNL) to new highs

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A new trading day began on Tuesday, with Broadstone Net Lease Inc (NYSE: BNL) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $18.48. BNL’s price has ranged from $13.68 to $18.58 over the past 52 weeks.

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During the last 5-year period, the sales growth of Real Estate Sector giant was 13.77%. Meanwhile, its annual earnings per share averaged 14.10%. With a float of $186.42 million, this company’s outstanding shares have now reached $187.61 million.

Let’s determine the extent of company efficiency that accounts for 74 employees. In terms of profitability, gross margin is 77.28%, operating margin of 84.57%, and the pretax margin is 37.48%.

Broadstone Net Lease Inc (BNL) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Diversified Industry. The insider ownership of Broadstone Net Lease Inc is 1.11%, while institutional ownership is 84.09%. The most recent insider transaction that took place on May 14 ’24, was worth 97,838. In this transaction SVP – Human Resources & Admin of this company sold 6,320 shares at a rate of $15.48, taking the stock ownership to the 56,680 shares. Before that another transaction happened on Feb 27 ’24, when Company’s Director bought 5,000 for $14.87, making the entire transaction worth $74,350. This insider now owns 5,000 shares in total.

Broadstone Net Lease Inc (BNL) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 14.10% per share during the next fiscal year.

Broadstone Net Lease Inc (NYSE: BNL) Trading Performance Indicators

Here are Broadstone Net Lease Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.00. Likewise, its price to free cash flow for the trailing twelve months is 13.74.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.83, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 0.77 in one year’s time.

Technical Analysis of Broadstone Net Lease Inc (BNL)

Looking closely at Broadstone Net Lease Inc (NYSE: BNL), its last 5-days average volume was 0.93 million, which is a drop from its year-to-date volume of 1.2 million. As of the previous 9 days, the stock’s Stochastic %D was 90.57%. Additionally, its Average True Range was 0.33.

During the past 100 days, Broadstone Net Lease Inc’s (BNL) raw stochastic average was set at 97.60%, which indicates a significant increase from 94.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.25% in the past 14 days, which was lower than the 20.83% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.94, while its 200-day Moving Average is $15.95. However, in the short run, Broadstone Net Lease Inc’s stock first resistance to watch stands at $18.57. Second resistance stands at $18.67. The third major resistance level sits at $18.78. If the price goes on to break the first support level at $18.36, it is likely to go to the next support level at $18.25. Now, if the price goes above the second support level, the third support stands at $18.15.

Broadstone Net Lease Inc (NYSE: BNL) Key Stats

With a market capitalization of 3.48 billion, the company has a total of 188,430K Shares Outstanding. Currently, annual sales are 442,890 K while annual income is 155,480 K. The company’s previous quarter sales were 105,910 K while its latest quarter income was 35,330 K.