Broadstone Net Lease Inc. (NYSE:BNL) Relative Strength Index (RSI) is 82.84, with weekly volatility at 2.31% and ATR at 0.45. The BNL stock’s 52-week price range has touched low of $15.90 and a $21.68 high. Intraday shares traded counted 2.59 million, which was -213.81% lower than its 30-day average trading volume of 825.81K. Its shares traded higher over the last trading session, gaining 1.68% on 05/24/21. The shares fell to a low of $21.57 before closing at $21.83. BNL’s previous close was $21.47 while the outstanding shares total 145.34M. The firm has a 12-month trailing P/E ratio of 49.50.
Investors have identified the REIT – Diversified company Broadstone Net Lease Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.17 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Broadstone Net Lease Inc. (BNL) Fundamentals that are to be considered.
BNL were able to record -38.09 million as free cash flow during the 08/12/2021 quarter of the year, this saw their quarterly net cash flow reduce by -92.38 million. In cash movements, the company had a total of 51.78 million as operating cash flow.
Potential earnings growth for Broadstone Net Lease Inc. (BNL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/12/2021 quarter of the year, Broadstone Net Lease Inc. recorded a total of 82.7 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 5.4% coming in sequential stages and their sales for the 08/12/2021 quarter increasing by 0.49%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 47.96 million trying to sell their products during the last quarter, with the result yielding a gross income of 34.73 million. This allows shareholders to hold on to 145.34M with the recently reported earning now reading 0.15 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (0.31 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.51 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BNL sounds very interesting.
Is the stock of BNL attractive?
In related news, SVP – Acquisitions, Pickney Roderick sold 3,000 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 20.76, for a total value of 62,280. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
5 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Broadstone Net Lease Inc.. 0 analysts has assigned a Sell rating on the BNL stock. The 12-month mean consensus price target for the company’s shares has been set at $20.83.