In last trading session, Broadstone Net Lease Inc. (NYSE:BNL) saw 0.62 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $23.80 trading at -$0.25 or -1.04% at ring of the bell on the day assigns it a market valuation of $3.85B. That closing price of BNL’s stock is at a discount of -17.65% from its 52-week high price of $28.00 and is indicating a premium of 25.55% from its 52-week low price of $17.72. Taking a look at company’s average trading volume of 673.07K if we extend that period to 3-months.
For Broadstone Net Lease Inc. (BNL), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.13 in the current quarter.
Broadstone Net Lease Inc. (NYSE:BNL) trade information
Upright in the red during last session for losing -1.04%, in the last five days BNL remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $23.80 price level, adding 2.26% to its value on the day. Broadstone Net Lease Inc.’s shares saw a change of -4.11% in year-to-date performance and have moved -1.86% in past 5-day. Broadstone Net Lease Inc. (NYSE:BNL) showed a performance of -3.99% in past 30-days.
Wall Street analysts have assigned a consensus price target of $27.50 to the stock, which implies a rise of 13.45% to its current value. Analysts have been projecting $25.00 as a low price target for the stock while placing it at a high target of $29.00. It follows that stock’s current price would drop -21.85% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.04% for stock’s current value.
Broadstone Net Lease Inc. (BNL) estimates and forecasts
Statistics highlight that Broadstone Net Lease Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -2.42% of value to its shares in past 6 months, showing an annual growth rate of -2.13% while that of industry is 2.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 18.20% in the current quarter and calculating -6.70% decrease in the next quarter. This year revenue growth is estimated to rise 14.80% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $91.35 million for the same. And 4 analysts are in estimates of company making revenue of $94.01 million in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 28.70% during past 5 years.
Broadstone Net Lease Inc. is more likely to be releasing its next quarterly report between February 22 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Broadstone Net Lease Inc. (NYSE:BNL)’s Major holders
Insiders are in possession of 2.15% of company’s total shares while institution are holding 74.36 percent of that, with stock having share float percentage of 76.00%. Investors also watch the number of corporate investors in a company very closely, which is 74.36% institutions for Broadstone Net Lease Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at BNL for having 21.65 million shares of worth $537.24 million. And as of Sep 29, 2021, it was holding 13.43% of the company’s outstanding shares.
The second largest institutional holder is United Capital Financial Advisers, LLC, which was holding about 15.47 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 9.59% of outstanding shares, having a total worth of $383.89 million.
On the other hand, Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 6.86 million shares of worth $182.5 million or 4.26% of the total outstanding shares. The later fund manager was in possession of 4.29 million shares on Sep 29, 2021, making its stake of worth around $106.49 million in the company or a holder of 2.66% of company’s stock.