BNL
Broadstone Net Lease, Inc. Real Estate - REIT - Diversified Investor Relations →
Broadstone Net Lease, Inc. (BNL) closed at $21.41 as of 2026-07-31, trading 41.9% above its 200-week moving average of $15.09. The stock is currently moving closer to the line, down from 48.6% last week. The 14-week RSI sits at 63, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.03 ratio) is neutral — neither side is clearly dominating.
Over the past 258 weeks of data, BNL has crossed below its 200-week moving average 7 times. On average, these episodes lasted 17 weeks. Historically, investors who bought BNL at the start of these episodes saw an average one-year return of +4.6%.
With a market cap of $4.3 billion, BNL is a mid-cap stock. The company generates a free cash flow yield of 5.4%, which is healthy. Return on equity stands at 4.9%. The stock trades at 1.4x book value.
Share count has increased 2.9% over three years, indicating dilution.
Over the past 5 years, a hypothetical investment of $100 in BNL would have grown to $106, compared to $177 for the S&P 500. BNL has returned 1.2% annualized vs 12.1% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 6.3% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: BNL vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BNL Crosses Below the Line?
Across 7 historical episodes, buying BNL when it crossed below its 200-week moving average produced an average return of +2.9% after 12 months (median -7.0%), compared to +15.6% for the S&P 500 over the same periods. 43% of those episodes were profitable after one year. After 24 months, the average return was -9.0% vs +35.2% for the index.
Each line shows $100 invested at the moment BNL crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices BNL would reach each dislocation threshold.
Dislocation Price Levels
Prices where BNL's Bean Score would hit each σ threshold. Valid until next earnings report (date TBD — last report: 2026-03-31).
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $19.00 | Unusually cheap — potential buy zone |
| Value | +1σ | $19.48 | Cheap vs. own history |
| Fair Value | +0σ | $19.99 | Historical mean behavior |
| Expensive | -1σ | $20.52 | Expensive vs. own history |
| Deep Expensive | -2σ | $21.08 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from BNL's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
BNL has crossed below its 200-week MA 7 times with an average 1-year return of +4.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2022 | Mar 2022 | 1 | 0.0% | -19.0% | +36.1% |
| Apr 2022 | May 2022 | 4 | 4.6% | -16.8% | +37.9% |
| Jun 2022 | Jun 2022 | 3 | 3.8% | -15.7% | +38.5% |
| Aug 2022 | Jul 2024 | 98 | 23.6% | -15.4% | +40.4% |
| Dec 2024 | Feb 2025 | 10 | 7.4% | +16.9% | +49.7% |
| Apr 2025 | Apr 2025 | 3 | 6.6% | +41.3% | +54.1% |
| May 2025 | Jun 2025 | 2 | 3.6% | +41.1% | +50.2% |
| Average | 17 | — | +4.6% | — |
Frequently Asked Questions
Is BNL below its 200-week moving average?
No. Broadstone Net Lease, Inc. (BNL) is currently 41.9% above its 200-week moving average of $15.09. It would need to fall to $15.09 to cross below the line.
What is BNL's 200-week moving average price?
Broadstone Net Lease, Inc.'s 200-week moving average is $15.09 as of 2026-07-31. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when BNL drops below its 200-week moving average?
BNL has crossed below its 200-week moving average 7 times in our data. On average, buying at that moment produced a one-year return of +4.6%. These dips have historically been decent entry points. These episodes lasted 17 weeks on average.
Is BNL a good value right now?
Here's what our data says about BNL as of 2026-07-31: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 63. Free cash flow yield is 5.4%. Return on equity is 4.9%. Price-to-book is 1.4x. This is not a buy or sell recommendation — always do your own research.
How does BNL compare to the S&P 500?
Over the past 5 years, $100 invested in BNL would have grown to $106, compared to $177 for the S&P 500. That's 1.2% annualized vs 12.1% for the index. BNL has underperformed the broader market over this period.
Does BNL pay a dividend?
Yes. Broadstone Net Lease, Inc. currently pays a dividend yield of 544.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-07-31