The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Broadstone Net Lease Inc. (BNL) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $16.51. The Broadstone Net Lease Inc. has recorded 21,371 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Broadstone Net Lease Announces Second Quarter 2023 Results.
Broadstone Net Lease Inc. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Diversified industry. At the end of the last regular session, the stock closed at $16.51 and fluctuated between $16.58 as its day high and $16.45 as its day low. The current market capitalization of Broadstone Net Lease Inc. is $3.09B. A total of 0.59 million shares were traded on the day, compared to an average of 1.11M shares.
In the most recent transaction, Albano Ryan M bought 6,200 shares of BNL for 16.74 per share on Mar 17. After the transaction, the President & COO now owns 157,297 company shares. In a previous transaction on Mar 17, Moragne John David bought 5,982 shares at 16.72 per share. BNL shares that Chief Executive Officer owns now total 152,256.
Among the insiders who bought shares, Fennell Kevin acquired of 3,250 shares on Mar 10 at a per-share price of $16.45. This resulted in the EVP & CFO holding 59,556 shares of BNL after the transaction. In another insider transaction, Caruso Michael B. bought 1,000 shares at $16.33 per share on Mar 10. Company shares held by the SVP, Corporate Strategy & IR now total 28,825.
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Broadstone Net Lease Inc. pays an annual dividend of $1.12, resulting in a dividend yield of 6.78%, and it has a price to earnings (P/E) ratio of 18.61. BNL’s most recent ex-dividend date was 9/28/2023 when it declared a $0.28 quarterly dividend that was paid in cash on 10/13/2023. Previously, the company paid the dividend on 7/14/2023 with an ex-dividend date of 6/29/2023. The BNL stock dividend was $0.28 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BNL in the last 3 months, the mean price target is $19.60 with high estimates of $22.00 and low estimates of $18.00. In terms of 52-week highs and lows, BNL has a high of $19.77 and a low of $14.98.
As of this writing, BNL has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.17 per share and a lower estimate of $0.16. The company reported an EPS of $0.21 in the last quarter, which was 40.00% higher than expectations of $0.15.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BNL’s latest balance sheet shows that the firm has $21.67M in Cash & Short Term Investments as of fiscal 2021. There were $1.69B in debt and $192.43M in liabilities at the time. Its Book Value Per Share was $16.64, while its Total Shareholder’s Equity was $2.74B.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BNL is Buy with a score of 3.80.