The Relative Strength (RS) Rating for Broadstone Net Lease entered a higher percentile Thursday, as it got a lift from 66 to 74.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 as they begin their largest price moves. See if Broadstone Net Lease can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear a proper buy point.
Although earnings and sales growth came in at -3% and -1%, respectively, in the latest report, that marked one quarter of acceleration for earnings and two for the top line.
Broadstone Net Lease earns the No. 25 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, American Healthcare REIT and COPT Defense Properties are among the top 5 highly rated stocks within the group.
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