Broadstone Net Lease Inc (NYSE:BNL) shares, rose in value, with the stock price up by 0.19% to the previous day’s close as strong demand from buyers drove the stock to $15.76.
Actively observing the price movement in the last trading, the stock closed the session at $15.73. The PE ratio was 26.52 over 12-month period. Referring to stock’s 52-week performance, its high was $19.15, and the low was $13.96. On the whole, BNL has fluctuated by -1.31% over the past month.
With the market capitalization of Broadstone Net Lease Inc currently standing at about $2.98 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.94, with its dividend yield at 5.96%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 441.79M, with a low estimate of 107.64M and a high estimate of 112.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 109.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BNL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BNL currently trading nearly -1.36% and -2.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.85, while the 7-day volatility ratio is showing 1.08% which for the 30-day chart, stands at 1.37%. Furthermore, Broadstone Net Lease Inc (BNL)’s beta value is 1.02, and its average true range (ATR) is 0.35.
A comparison of Broadstone Net Lease Inc (BNL) with its peers suggests the former has fared considerably weaker in the market. BNL showed an intraday change of 0.19% in last session, and over the past year, it grew by 4.95%%.
Data on historical trading for Broadstone Net Lease Inc (NYSE:BNL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.59 million. According to company’s latest data on outstanding shares, there are 189.07 million shares outstanding.
Nearly 1.09% of Broadstone Net Lease Inc’s shares belong to company insiders and institutional investors own 86.13% of the company’s shares. The stock has fallen by -0.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BNL stock heading into the next quarter.
