FMP
May 06, 2025(Last modified: May 07, 2025)
Broadstone Net Lease, Inc. (NYSE:BNL) is a real estate investment trust (REIT) that focuses on acquiring and managing single-tenant commercial properties. The company operates across various sectors, including industrial, healthcare, and retail. BNL competes with other REITs like Realty Income Corporation and National Retail Properties, offering investors opportunities in the net lease market.
On May 6, 2025, Fennell Kevin, the Executive Vice President, Chief Financial Officer, and Treasurer of BNL, purchased 5,000 shares of the company's common stock at $15.87 each. This transaction increased his total ownership to 178,429 shares. Such insider buying can signal confidence in the company's future prospects, especially following the recent Q1 2025 earnings call.
During the Q1 2025 earnings conference call on May 1, 2025, BNL's leadership, including CEO John Moragne and CFO Kevin Fennell, discussed the company's financial performance and strategic initiatives. The call attracted analysts from major financial institutions like JP Morgan and Goldman Sachs, highlighting the market's interest in BNL's operations and future plans.
Currently, BNL's stock price is $15.97, reflecting a slight decrease of 0.37%. The stock has traded between $15.81 and $16.05 today, with a 52-week range of $13.96 to $19.15. BNL's market capitalization is approximately $3.02 billion, indicating its significant presence in the REIT sector. The trading volume on the NYSE is 867,196 shares, showing active investor engagement.
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