Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives Consensus Rating of “Hold” from Analysts

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.50.

Several research analysts have recently commented on FBRT shares. Citizens Jmp reduced their target price on Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 16th. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Wall Street Zen upgraded Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd.

Franklin BSP Realty Trust Stock Down 1.5%

FBRT stock opened at $8.13 on Tuesday. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74. The business has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $9.27. The company has a market cap of $625.32 million, a price-to-earnings ratio of 15.93 and a beta of 0.92. Franklin BSP Realty Trust has a twelve month low of $7.98 and a twelve month high of $11.84.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The company had revenue of $74.38 million during the quarter, compared to the consensus estimate of $73.09 million. Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. Analysts anticipate that Franklin BSP Realty Trust will post 0.72 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 9.8%. Franklin BSP Realty Trust’s payout ratio is 156.86%.

Insider Transactions at Franklin BSP Realty Trust

In other news, Director Buford H. Ortale purchased 29,597 shares of Franklin BSP Realty Trust stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of $9.85 per share, for a total transaction of $291,530.45. Following the purchase, the director directly owned 28,900 shares of the company’s stock, valued at $284,665. This trade represents a -4,246.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Trading of Franklin BSP Realty Trust

Several institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in Franklin BSP Realty Trust by 72.2% in the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company’s stock valued at $18,349,000 after purchasing an additional 766,875 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Franklin BSP Realty Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,256,179 shares of the company’s stock valued at $12,599,000 after purchasing an additional 59,424 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Franklin BSP Realty Trust by 7.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,207 shares of the company’s stock valued at $11,318,000 after purchasing an additional 70,645 shares during the period. UBS Group AG boosted its stake in Franklin BSP Realty Trust by 24.0% in the 3rd quarter. UBS Group AG now owns 873,047 shares of the company’s stock valued at $9,481,000 after purchasing an additional 168,993 shares during the period. Finally, Eagle Point Credit Management LLC bought a new stake in Franklin BSP Realty Trust in the 4th quarter valued at $8,381,000. 59.87% of the stock is currently owned by institutional investors.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.