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Broadstone Net Lease (BNL)
NYSE:BNL
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Holding BNL?
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BNL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$13.68 - $19.15
Previous Close$18.71
Volume573.47K
Average Volume (3M)1.10M
Market Cap
$3.53B
Enterprise Value$5.55B
Total Cash (Recent Filing)$18.28M
Total Debt (Recent Filing)$1.90B
Price to Earnings (P/E)22.6
Beta0.96
Next Earnings
Oct 30, 2024EPS Estimate
$0.2Last Dividend Ex-Date
Sep 30, 2024Dividend Yield6.15%
Share Statistics
EPS (TTM)0.83
Shares Outstanding188,517,485
10 Day Avg. Volume835,203
30 Day Avg. Volume1,102,536
Standard Deviation0.08
R-Squared0.51
Alpha-0.00349
Financial Highlights & Ratios
Price to Book (P/B)1.14
Price to Sales (P/S)8.28
Price to Cash Flow (P/CF)11.90
P/FCF Ratio9.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue13.04
Enterprise Value/Gross Profit13.21
Enterprise Value/Ebitda16.16
Forecast
1Y Price Target
$19.20Price Target Upside4.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Broadstone Net Lease News
PremiumCompany Announcements
Broadstone Net Lease Q3 2024 Earnings Disclosure and Webcast
PremiumCompany Announcements
Broadstone Net Lease Announces Strong Investment and Growth Strategy
PremiumCompany Announcements
Broadstone Net Lease Announces Senior Financial Leadership Transition
Bulls Say, Bears Say
Bulls Say
Earnings GrowthBNL is focusing on earnings growth visibility through its current $453.7M build-to-suit development pipeline with an appetite for additional projects.
Financial PerformanceBNL's low leverage profile and strong liquidity position should provide considerable runway for the company to capitalize on acquisitions.
Portfolio StrategyBNL offers attractive growth within the net lease sector due to the company's scalable platform, strong acquisition track record, and above-average annual rent bumps on its existing portfolio.
Bears Say
Acquisition OpportunitiesBNL is less enthusiastic about acquisition opportunities due to cap rate compression, increasing private capital competition, and a number of average-quality assets on the market.
Earnings GrowthEarnings growth prospects are forecast to trail peers, which along with some continued risk associated with the healthcare exit, keeps analysts on the sidelines.
Financial PerformanceBNL maintained 2024 AFFO guidance at $1.42, which is -2% below the $1.44 consensus and in-line with our estimate.
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Ownership Overview
0.85% Insiders
28.46% Mutual Funds
0.83% Other Institutional Investors
46.89% 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 $13.68 and its highest was $19.15 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 Oct 30, 2024 which is in 8 days.
How were Broadstone Net Lease’s earnings last quarter?
Broadstone Net Lease released its earnings results on Jul 30, 2024. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.178 by $0.012.
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 6.15%. See more information on Broadstone Net Lease dividends here
What is Broadstone Net Lease’s EPS estimate?
Broadstone Net Lease’s EPS estimate is $0.2.
How many shares outstanding does Broadstone Net Lease have?
Broadstone Net Lease has 188,517,490 shares outstanding.
What happened to Broadstone Net Lease’s price movement after its last earnings report?
Broadstone Net Lease reported an EPS of $0.19 in its last earnings report, beating expectations of $0.178. Following the earnings report the stock price went down -3.109%.
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 36M.
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Broadstone Net Lease Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$19.20 (4.46% Upside)
$19.20 (4.46% Upside)
Blogger Sentiment
Bullish
BNL Sentiment 85%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 341.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
40.23%
12-Months-Change
Fundamentals
Return on Equity
5.08%
Trailing 12-Months
Asset Growth
-1.93%
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 Earnings Call
Q2 2024
0:00 / 0:00
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BNL Stock 12 Month Forecast
Average Price Target
$19.20
▲(4.46% Upside)
Technical Analysis
Best Analysts Covering BNL
1 Year
1 Year Success Rate
7/14 ratings generated profit
1 Year Average Return
+5.98%
reiterated a buy rating 8 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 +5.98% per trade.
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