On Tuesday, Broadstone Net Lease Inc (NYSE: BNL) opened lower -0.12% from the last session, before settling in for the closing price of $17.07. Price fluctuations for BNL have ranged from $14.20 to $19.15 over the past 52 weeks.
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A company in the Real Estate sector has jumped its sales by 13.77% annually for the last half of the decade. Company’s average yearly earnings per share was noted 10.54% at the time writing. With a float of $186.73 million, this company’s outstanding shares have now reached $187.61 million.
In an organization with 74 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 68.06%, operating margin of 84.08%, and the pretax margin is 34.24%.
Broadstone Net Lease Inc (BNL) Insider Updates
A key investor’s attitude towards the stock of the REIT – Diversified industry is another important factor to consider. The insider ownership of Broadstone Net Lease Inc is 0.96%, while institutional ownership is 79.10%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 10.54% per share during the next fiscal year.
Broadstone Net Lease Inc (NYSE: BNL) Trading Performance Indicators
Check out the current performance indicators for Broadstone Net Lease Inc (BNL). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.38. Likewise, its price to free cash flow for the trailing twelve months is 13.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.75, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 0.78 in one year’s time.
Technical Analysis of Broadstone Net Lease Inc (BNL)
Let’s dig in a bit further. During the last 5-days, its volume was 1.28 million. That was better than the volume of 1.17 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 19.40%. 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 41.42%, which indicates a significant increase from 13.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.15% in the past 14 days, which was higher than the 17.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.14, while its 200-day Moving Average is $16.46. However, in the short run, Broadstone Net Lease Inc’s stock first resistance to watch stands at $17.14. Second resistance stands at $17.23. The third major resistance level sits at $17.33. If the price goes on to break the first support level at $16.94, it is likely to go to the next support level at $16.84. Assuming the price breaks the second support level, the third support level stands at $16.75.
Broadstone Net Lease Inc (NYSE: BNL) Key Stats
There are currently 188,547K shares outstanding in the company with a market cap of 3.21 billion. Presently, the company’s annual sales total 442,890 K according to its annual income of 155,480 K. Last quarter, the company’s sales amounted to 108,400 K and its income totaled 35,610 K.
