How to buy Broadstone Net Lease stock | $16.61

Broadstone Net Lease, Inc. is a reit—diversified business based in the US. Broadstone Net Lease shares (BNL) are listed on the NYSE and all prices are listed in US Dollars.

How to buy shares in Broadstone Net Lease

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Broadstone Net Lease. Find the stock by name or ticker symbol: BNL. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Broadstone Net Lease reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$16.61, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Broadstone Net Lease, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Broadstone Net Lease. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Broadstone Net Lease share price

Use our graph to track the performance of BNL stocks over time.

Broadstone Net Lease shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	USD$16.61
52-week range	USD$15.9 - USD$1830
50-day moving average	USD$16.7104
200-day moving average	USD$16.7104
Wall St. target price	USD$21
PE ratio	19.1677
Dividend yield	N/A (0%)
Earnings per share (TTM)	USD$0.4825

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Is it a good time to buy Broadstone Net Lease stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Broadstone Net Lease, Inc. by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Broadstone Net Lease price performance over time

Historical closes compared with the close of $16.61 from 2020-10-19

1 week (2021-01-08)	-11.79%
1 month (2020-12-18)	-14.82%
3 months (2020-10-16)	-2.41%
6 months (2020-07-17)	-99.09%

1 year (2020-01-16)	-99.09%
2 years (2019-01-16)	-99.02%
3 years (2018-01-16)	1660
5 years (2016-01-14)	N/A

Is Broadstone Net Lease under- or over-valued?

Valuing Broadstone Net Lease stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Broadstone Net Lease's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Broadstone Net Lease's P/E ratio

Broadstone Net Lease's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Broadstone Net Lease shares trade at around 19x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

However, Broadstone Net Lease's P/E ratio is best considered in relation to those of others within the reit—diversified industry or those of similar companies.

• Boston Properties (BXP.US): 14.67
• Simon Property Group (SPG.US): 19.17
• SL Green Realty (SLG.US): 21.60

Broadstone Net Lease's EBITDA

Broadstone Net Lease's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$267.1 million.

The EBITDA is a measure of a Broadstone Net Lease's overall financial performance and is widely used to measure a its profitability.

To put Broadstone Net Lease's EBITDA into context you can compare it against that of similar companies.

• Boston Properties (BXP.US): USD$1.6 billion
• Simon Property Group (SPG.US): USD$3.6 billion
• SL Green Realty (SLG.US): USD$639.8 million

Broadstone Net Lease financials

Revenue TTM	USD$319.9 million
Operating margin TTM	43.39%
Gross profit TTM	USD$252.7 million
Return on assets TTM	2.36%
Return on equity TTM	4.69%
Profit margin	23.6%
Book value	N/A
Market capitalisation	USD$2.4 billion

TTM: trailing 12 months

Shorting Broadstone Net Lease shares

There are currently 4.6 million Broadstone Net Lease shares held short by investors – that's known as Broadstone Net Lease's "short interest". This figure is up from 0 last month.

There are a few different ways that this level of interest in shorting Broadstone Net Lease shares can be evaluated.

Broadstone Net Lease's "short interest ratio" (SIR)

Broadstone Net Lease's "short interest ratio" (SIR) is the quantity of Broadstone Net Lease shares currently shorted divided by the average quantity of Broadstone Net Lease shares traded daily (recently around 1.8 million). Broadstone Net Lease's SIR currently stands at 2.48. In other words for every 100,000 Broadstone Net Lease shares traded daily on the market, roughly 2480 shares are currently held short.

To gain some more context, you can compare Broadstone Net Lease's short interest ratio against those of similar companies.

• Boston Properties (BXP.US): 3.21
• Simon Property Group (SPG.US): 3.61
• SL Green Realty (SLG.US): 6.9

However Broadstone Net Lease's short interest can also be evaluated against the total number of Broadstone Net Lease shares, or, against the total number of tradable Broadstone Net Lease shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Broadstone Net Lease's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Broadstone Net Lease shares in existence, roughly 30 shares are currently held short) or 0.0322% of the tradable shares (for every 100,000 tradable Broadstone Net Lease shares, roughly 32 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Broadstone Net Lease.

Find out more about how you can short Broadstone Net Lease stock.

Broadstone Net Lease share dividends

We're not expecting Broadstone Net Lease to pay a dividend over the next 12 months.

You may also wish to consider:

• Boston Properties (BXP.US) (4.17% forward annual dividend yield)
• Simon Property Group (SPG.US) (6.16% forward annual dividend yield)
• SL Green Realty (SLG.US) (6.41% forward annual dividend yield)

Broadstone Net Lease overview

BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. BNL utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of June 30, 2020, BNL's diversified portfolio consisted of 632 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value of approximately $4.0 billion.

Frequently asked questions

• When does the fiscal year end for Broadstone Net Lease?

  Broadstone Net Lease's fiscal year ends in December.

• Where is Broadstone Net Lease based?

  Broadstone Net Lease's address is: 800 Clinton Square, Rochester, NY, United States, 14604