Broadstone Net Lease Inc. (NYSE:BNL) has seen 0.64 million shares traded in the last trading session. The company, currently valued at $4.43B, closed the last trade at $27.82 per share which meant it lost -$0.09 on the day or -0.32% during that session. The BNL stock price is -0.54% off its 52-week high price of $27.97 and 42.85% above the 52-week low of $15.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.72 million shares traded. The 3-month trading volume is 2.21 million shares.
The consensus among analysts is that Broadstone Net Lease Inc. (BNL) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 7 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.13.
Broadstone Net Lease Inc. (NYSE:BNL) trade information
Sporting -0.32% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the BNL stock price touched $27.82 or saw a rise of 0.64%. Year-to-date, Broadstone Net Lease Inc. shares have moved 42.08%, while the 5-day performance has seen it change 4.12%. Over the past 30 days, the shares of Broadstone Net Lease Inc. (NYSE:BNL) have changed 3.69%. Short interest in the company has seen 2.5 million shares shorted with days to cover at 0.87.
Wall Street analysts have a consensus price target for the stock at $26.57, which means that the shares’ value could drop -4.7% from current levels. The projected low price target is $22.00 while the price target rests at a high of $29.00. In that case, then, we find that the current price level is -4.24% off the targeted high while a plunge would see the stock lose 20.92% from current levels.
Broadstone Net Lease Inc. (BNL) estimates and forecasts
Figures show that Broadstone Net Lease Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 56.12% over the past 6 months, with this year growth rate of -4.96%, compared to 0.20% for the industry. Revenue growth from the last financial year stood is estimated to be 7.70%.
5 analysts offering their estimates for the company have set an average revenue estimate of $85.48 million for the current quarter. 5 have an estimated revenue figure of $88.58 million for the next quarter concluding in Sep 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 28.70% over the past 5 years.
Broadstone Net Lease Inc. is expected to release its next earnings report on May 04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.02 at a share yield of 3.67%. The company’s dividend yield has gone up over the past 12 months.
Broadstone Net Lease Inc. (NYSE:BNL)’s Major holders
Insiders own 2.31% of the company shares, while shares held by institutions stand at 52.59% with a share float percentage of 53.83%. Investors are also buoyed by the number of investors in a company, with Broadstone Net Lease Inc. having a total of 187 institutions that hold shares in the company. The top two institutional holders are United Capital Financial Advisers, LLC with over 22.71 million shares worth more than $415.58 million. As of Mar 30, 2021, United Capital Financial Advisers, LLC held 15.45% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 4.35 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $79.53 million and represent 2.96% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Principal Real Estate Securities Fund and Cohen & Steers Real Estate Securities Fund. As of Apr 29, 2021, the former fund manager holds about 2.44% shares in the company for having 3.59 million shares of worth $72.47 million while later fund manager owns 2.71 million shares of worth $49.64 million as of Mar 30, 2021, which makes it owner of about 1.84% of company’s outstanding stock.