The closing price of Broadstone Net Lease Inc (NYSE: BNL) was $14.91 for the day, up 2.40% from the previous closing price of $14.56. In other words, the price has increased by $+0.35 from its previous closing price. On the day, 1699122 shares were traded.
Ratios:
Our analysis of BNL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 143.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.45. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.65.
On October 18, 2023, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 27 when NARASIMHAN SHEKAR bought 5,000 shares for $14.87 per share. The transaction valued at 74,350 led to the insider holds 5,000 shares of the business.
Moragne John David bought 10,000 shares of BNL for $147,688 on Feb 26. The Chief Executive Officer now owns 162,256 shares after completing the transaction at $14.77 per share. On Feb 26, another insider, COKE MICHAEL A, who serves as the Director of the company, bought 10,000 shares for $14.67 each. As a result, the insider paid 146,720 and bolstered with 34,817 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BNL now has a Market Capitalization of 2.80B and an Enterprise Value of 4.69B. As of this moment, Broadstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.02, and their Forward P/E ratio for the next fiscal year is 19.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.25 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 10.59 whereas that against EBITDA is 11.64.
Stock Price History:
Over the past 52 weeks, BNL has reached a high of $17.94, while it has fallen to a 52-week low of $13.68. The 50-Day Moving Average of the stock is 16.50, while the 200-Day Moving Average is calculated to be 15.85.
Shares Statistics:
BNL traded an average of 1.11M shares per day over the past three months and 1.65M shares per day over the past ten days. A total of 187.61M shares are outstanding, with a floating share count of 186.11M. Insiders hold about 0.85% of the company’s shares, while institutions hold 83.61% stake in the company. Shares short for BNL as of Jan 31, 2024 were 2.34M with a Short Ratio of 2.11, compared to 2.5M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.25% and a Short% of Float of 1.46%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.12, BNL has a forward annual dividend rate of 0.86. Against a Trailing Annual Dividend Yield of 7.69%, it implies a Forward Annual Dividend Yield of 7.65%.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.17, while EPS last year was $0.21. The consensus estimate for the next quarter is $0.17, with high estimates of $0.17 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.78 and $0.7 for the fiscal current year, implying an average EPS of $0.74. EPS for the following year is $0.8, with 2 analysts recommending between $0.89 and $0.71.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $110.4M to a low estimate of $105.5M. As of the current estimate, Broadstone Net Lease Inc’s year-ago sales were $112.7M, an estimated decrease of -4.20% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $108M, a decrease of -1.20% over than the figure of -$4.20% in the same quarter last year. There is a high estimate of $109.9M for the next quarter, whereas the lowest estimate is $106.1M.
A total of 4 analysts have provided revenue estimates for BNL’s current fiscal year. The highest revenue estimate was $451M, while the lowest revenue estimate was $425.9M, resulting in an average revenue estimate of $436.45M. In the same quarter a year ago, actual revenue was $442.89M, down -1.50% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $441.83M in the next fiscal year. The high estimate is $453.3M and the low estimate is $435.2M. The average revenue growth estimate for next year is up 1.20% from the average revenue estimate for this year.
