Broadstone Net Lease Inc (NYSE: BNL) on Tuesday, plunged -2.33% from the previous trading day, before settling in for the closing price of $17.20. Within the past 52 weeks, BNL’s price has moved between $14.02 and $19.15.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 8.18%. The company achieved an average annual earnings per share of -16.58%. With a float of $186.83 million, this company’s outstanding shares have now reached $188.63 million.
Considering the fact that the conglomerate employs 73 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 68.41%, operating margin of 59.94%, and the pretax margin is 31.91%.
Broadstone Net Lease Inc (BNL) Insider Activity
Observing investor behavior towards REIT – Diversified industry stocks is more important than anything else. The insider ownership of Broadstone Net Lease Inc is 1.04%, while institutional ownership is 84.29%. 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.
Broadstone Net Lease Inc (BNL) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -16.58% per share during the next fiscal year.
Broadstone Net Lease Inc (NYSE: BNL) Trading Performance Indicators
Broadstone Net Lease Inc (BNL) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.24. Likewise, its price to free cash flow for the trailing twelve months is 12.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.85, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.75 in one year’s time.
Technical Analysis of Broadstone Net Lease Inc (BNL)
Compared to the last year’s volume of 1.18 million, its volume of 1.81 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 50.22%. Additionally, its Average True Range was 0.37.
During the past 100 days, Broadstone Net Lease Inc’s (BNL) raw stochastic average was set at 53.44%, which indicates a significant increase from 33.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.77% in the past 14 days, which was higher than the 19.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.22, while its 200-day Moving Average is $17.00. Nevertheless, the first resistance level for the watch stands at $17.13 in the near term. At $17.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.68. If the price goes on to break the first support level at $16.58, it is likely to go to the next support level at $16.35. Should the price break the second support level, the third support level stands at $16.03.
Broadstone Net Lease Inc (NYSE: BNL) Key Stats
Market capitalization of the company is 3.18 billion based on 188,799K outstanding shares. Right now, sales total 431,800 K and income totals 162,440 K. The company made 112,130 K in profit during its latest quarter, and 26,390 K in sales during its previous quarter.
