BNL Intrinsic Value Calculator – Truist Financial Cuts Price Target for Broadstone Net Lease to $17.00
December 4, 2023
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Broadstone Net Lease ($NYSE:BNL) (BNL) is a real estate investment trust that specializes in single-tenant commercial real estate. Truist Financial’s lowered price target for BNL is based on their opinion that the company’s stock will be under pressure in the near-term due to weak rental income growth and an uncertain economic outlook. Despite the lowered expectations, Truist remains cautiously optimistic about BNL’s prospects in the long-term given its strong portfolio of high-quality tenants and its ability to generate consistent cash flow. Analysts at Truist Financial are keeping a close watch on BNL’s earnings, cash flow, and rental income growth in the coming quarters.
They will continue to adjust their price target as necessary depending on how the company’s fundamentals evolve. Investors interested in BNL should monitor these developments closely and seek additional advice from financial experts before making any investment decisions concerning BNL’s stock.
Share Price
Following this announcement, the stock opened at $15.8 and closed at $15.8, a 0.2% drop from its prior closing price of $15.9. The downgrade of BNL’s price target is a sign of the market’s waning confidence in the company’s outlook and performance. It’s worth noting that even with the price target cut, Truist Financial still has a bullish outlook on BNL’s stock, with its new target price still slightly higher than BNL’s current share price. Investors will need to closely monitor the company’s performance to assess the impact of this downgrade on future stock performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BNL. More…
| Total Revenues | Net Income | Net Margin |
| 450.02 | 183.62 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BNL. More…
| Operations | Investing | Financing |
| 274.56 | -859.64 | 636 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BNL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.34k | 2.06k | 16.66 |
Key Ratios Snapshot
Some of the financial key ratios for BNL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 50.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – BNL Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of BROADSTONE NET LEASE’s financials and determined that the intrinsic value of its share is around $21.5. This was calculated using our proprietary Valuation Line. Currently, BROADSTONE NET LEASE’s stock is traded at $15.8, which means it is undervalued by 26.7%. More…
Peers
The commercial real estate sector is extremely competitive, with many companies vying for the same tenants and properties. Broadstone Net Lease Inc is no exception, and must compete with the likes of Inland Real Estate Income Trust Inc, Emirates Properties REIT, and Balkan and Sea Properties Reit-Varna. While each company has its own strengths and weaknesses, they all share one common goal: to be the best in the business.
– Inland Real Estate Income Trust Inc ($OTCPK:INRE)
Inland Real Estate Income Trust Inc is a real estate investment trust that focuses on owning and operating income-producing real estate properties in the United States. As of December 31, 2020, the company owned and operated a portfolio of 104 properties, consisting of 97 retail properties, four office properties, and three industrial properties. The company was founded in 2010 and is headquartered in Oak Brook, Illinois.
– Emirates Properties REIT ($LTS:0NXF)
Balkan and Sea Properties Reit-Varna is a publicly traded real estate investment trust that focuses on properties in the Balkans and the Black Sea region. The company’s portfolio includes office, retail, and residential properties.
Summary
This decrease in price target for the real estate investment trust (REIT) indicates a decreased expectation of future growth for the company. Investors should take this change in outlook into consideration when making decisions about investing in Broadstone Net Lease. Despite the decreased price target, investors should still remain aware of current market conditions, as well as any other news or developments related to the company. Additionally, investors should consider any potential risks associated with investing in any REIT given the current economic climate.
