Broadstone Net Lease Inc (BNL) Is Not Likely To Be The Same Tomorrow

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Broadstone Net Lease Announces 2023 Results and its Healthcare Portfolio Simplification Strategy.

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Stocks Info

Broadstone Net Lease Inc is listed on the NYSE in the Real Estate sector while operating in the REIT – Diversified industry. The current market capitalization of Broadstone Net Lease Inc is $2.94B. A total of 1.63 million shares were traded on the day, compared to an average of 1.32M shares.

In the most recent transaction, NARASIMHAN SHEKAR bought 5,000 shares of BNL for 14.87 per share on Feb 27 ’24. After the transaction, the Director now owns 5,000 company shares. In a previous transaction on Feb 26 ’24, Moragne John David bought 10,000 shares at 14.77 per share. BNL shares that Chief Executive Officer owns now total 162,256.

Among the insiders who bought shares, COKE MICHAEL A acquired of 10,000 shares on Feb 26 ’24 at a per-share price of $14.67. This resulted in the Director holding 34,817 shares of BNL after the transaction. In another insider transaction, Fennell Kevin bought 4,000 shares at $14.63 per share on Feb 26 ’24. Company shares held by the EVP & CFO now total 63,556.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Broadstone Net Lease Inc pays an annual dividend of $1.41, resulting in a dividend yield of 8.97%, and it has a price to earnings (P/E) ratio of 18.94. BNL’s most recent ex-dividend date was 3/27/2024 when it declared a $0.2850 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/12/2024 with an ex-dividend date of 12/28/2023. The BNL stock dividend was $0.2850 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, BNL has a high of $17.59 and a low of $13.68.

As of this writing, BNL has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.18 per share and a lower estimate of $0.18. The company reported an EPS of $0.26 in the last quarter, which was 62.50% higher than expectations of $0.16.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $90.42M in liabilities at the time. Its Book Value Per Share was $16.25, while its Total Shareholder’s Equity was $2.74B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 3.75.

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