Franklin BSP Realty Trust (NYSE:FBRT) Announces Quarterly Earnings Results

Franklin BSP Realty Trust (NYSE:FBRT) posted its quarterly earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04), FiscalAI reports. Franklin BSP Realty Trust had a net margin of 38.83% and a return on equity of 8.86%.

Franklin BSP Realty Trust Stock Down 1.2%

Shares of Franklin BSP Realty Trust stock traded down $0.12 during trading hours on Wednesday, hitting $10.13. The company had a trading volume of 827,375 shares, compared to its average volume of 676,932. The company has a debt-to-equity ratio of 3.32, a current ratio of 67.81 and a quick ratio of 67.81. The company’s 50-day moving average is $10.32 and its two-hundred day moving average is $10.62. The company has a market cap of $826.38 million, a P/E ratio of 12.66 and a beta of 0.98. Franklin BSP Realty Trust has a twelve month low of $9.65 and a twelve month high of $13.58.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 14.0%. The ex-dividend date was Wednesday, December 31st. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Analyst Ratings Changes

A number of analysts recently weighed in on FBRT shares. Weiss Ratings restated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.00.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Several large investors have recently bought and sold shares of FBRT. Danske Bank A S acquired a new stake in shares of Franklin BSP Realty Trust during the third quarter worth about $45,000. State of Wyoming acquired a new stake in shares of Franklin BSP Realty Trust in the 2nd quarter valued at about $47,000. Tower Research Capital LLC TRC grew its stake in Franklin BSP Realty Trust by 39.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock worth $61,000 after buying an additional 1,617 shares during the last quarter. Russell Investments Group Ltd. increased its position in Franklin BSP Realty Trust by 986.3% during the third quarter. Russell Investments Group Ltd. now owns 7,604 shares of the company’s stock worth $83,000 after buying an additional 6,904 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in Franklin BSP Realty Trust during the first quarter worth approximately $89,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

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.