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Broadstone Net Lease (BNL)
NYSE:BNL
RESEARCH TOOLSreports
Broadstone Net Lease (BNL) Stock Price & Analysis
221 Followers
BNL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.96 - $17.63
Previous Close$17.28
Volume795.41K
Average Volume (3M)1.08M
Market Cap
$3.26B
Enterprise Value$5.07B
Total Cash (Recent Filing)$221.74M
Total Debt (Recent Filing)$1.89B
Price to Earnings (P/E)18.0
Beta1.06
Next Earnings
Jul 30, 2024EPS Estimate
$0.18Last Dividend Ex-Date
Jun 28, 2024Dividend Yield6.6%
Share Statistics
EPS (TTM)0.96
Shares Outstanding188,430,015
10 Day Avg. Volume1,195,703
30 Day Avg. Volume1,081,282
Standard Deviation0.08
R-Squared0.52
Alpha-0.00719
Financial Highlights & Ratios
Price to Book (P/B)1.22
Price to Sales (P/S)6.69
Price to Cash Flow (P/CF)12.20
P/FCF Ratio11.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.82
Enterprise Value/Gross Profit12.07
Enterprise Value/Ebitda13.37
Forecast
1Y Price Target
$17.50Price Target Upside1.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Broadstone Net Lease News
PremiumCompany Announcements
Broadstone Net Lease Issues Informative Press Release
PremiumCompany Announcements
Broadstone Net Lease Clarifies Press Release Regulatory Status
Bulls Say, Bears Say
Bulls Say
Deal PipelineDeal pipeline grows. Investments closed and under contract aggregate $324M, including $40M invested, which was almost entirely related to development funding.
Financial PerformanceBNL's 1Q24 AFFOps beat and FY24 AFFOps guidance was raised above the Street on improved clarity from healthcare dispositions and its recycling strategy.
Strategic PivotThe recent strategic pivot, which has the company exiting clinically-oriented healthcare, which tends to be more operationally intensive, should benefit the cost of capital, with the multiple expanding as industrial/retail exposure grows.
Bears Say
BankruptciesBad debt may increase with bankruptcies continuing into 2024.
Financial PerformanceRed Lobster's restaurant turnaround plan seems to have stalled out and is potentially mulling a Chapter 11 bankruptcy or sale.
Red LobsterBNL has 17 Red Lobster locations, per CoStar, which is considering Chapter 11.
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Ownership Overview
2.50% Insiders
29.44% Mutual Funds
24.46% Other Institutional Investors
43.59% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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BNL FAQ
What was Broadstone Net Lease’s price range in the past 12 months?
Broadstone Net Lease lowest stock price was $12.96 and its highest was $17.63 in the past 12 months.
What is Broadstone Net Lease’s market cap?
Currently, no data Available
When is Broadstone Net Lease’s upcoming earnings report date?
Broadstone Net Lease’s upcoming earnings report date is Jul 30, 2024 which is in 9 days.
How were Broadstone Net Lease’s earnings last quarter?
Broadstone Net Lease released its earnings results on May 01, 2024. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.177 by $0.173.
Is Broadstone Net Lease overvalued?
According to Wall Street analysts Broadstone Net Lease’s price is currently Undervalued.
Does Broadstone Net Lease pay dividends?
Broadstone Net Lease pays a Quarterly dividend of $0.29 which represents an annual dividend yield of 6.6%. See more information on Broadstone Net Lease dividends here
What is Broadstone Net Lease’s EPS estimate?
Broadstone Net Lease’s EPS estimate is $0.18.
How many shares outstanding does Broadstone Net Lease have?
Broadstone Net Lease has 188,430,010 shares outstanding.
What happened to Broadstone Net Lease’s price movement after its last earnings report?
Broadstone Net Lease reported an EPS of $0.35 in its last earnings report, beating expectations of $0.177. Following the earnings report the stock price went up 4.251%.
Which hedge fund is a major shareholder of Broadstone Net Lease?
Among the largest hedge funds holding Broadstone Net Lease’s share is AEW Capital Management, L.P.. It holds Broadstone Net Lease’s shares valued at 29M.
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Broadstone Net Lease Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$17.50 (1.27% Upside)
$17.50 (1.27% Upside)
Blogger Sentiment
Bullish
BNL Sentiment 94%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 497.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $97.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 3.4%
Last 30 Days ▼ 3.0%
Last 30 Days ▼ 3.0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
14.04%
12-Months-Change
Fundamentals
Return on Equity
5.89%
Trailing 12-Months
Asset Growth
-1.24%
Trailing 12-Months
Company Description
Broadstone Net Lease
Broadstone Net Lease Inc is a real estate investment trust. It acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis. The company invests in industrial, healthcare, restaurant, office, and retail properties.
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BNL Company Deck
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BNL Earnings Call
Q1 2024
0:00 / 0:00
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BNL Stock 12 Month Forecast
Average Price Target
$17.50
▲(1.27% Upside)
Technical Analysis
Best Analysts Covering BNL
1 Year
1 Year Success Rate
7/14 ratings generated profit
1 Year Average Return
+4.26%
reiterated a buy rating 5 months ago
Copying Michael Gorman's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +4.26% per trade.
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