Franklin BSP Realty Trust (NYSE:FBRT) Reaches New 1-Year Low – Here’s What Happened

Franklin BSP Realty Trust, Inc. (NYSE:FBRT)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.87 and last traded at $7.8950, with a volume of 344780 shares changing hands. The stock had previously closed at $8.07.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Citizens Jmp reaffirmed a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a research note on Monday. Finally, Weiss Ratings lowered shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.50.

Franklin BSP Realty Trust Stock Down 1.7%

The firm has a fifty day simple moving average of $8.60 and a 200-day simple moving average of $9.19. The company has a market capitalization of $610.37 million, a PE ratio of 15.58 and a beta of 0.92. The company has a debt-to-equity ratio of 3.74, a quick ratio of 90.06 and a current ratio of 90.06.

Franklin BSP Realty Trust (NYSE:FBRT) last released 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 for the quarter, compared to analyst estimates of $73.09 million. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%. Equities research analysts anticipate that Franklin BSP Realty Trust, Inc. will post 0.72 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date is Tuesday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio is 156.86%.

Insider Activity at Franklin BSP Realty Trust

In other news, Director Buford H. Ortale purchased 29,597 shares of the firm’s 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 completion of the purchase, the director owned 28,900 shares of the company’s stock, valued at approximately $284,665. This trade represents a -4,246.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ipsen Advisor Group LLC acquired a new stake in shares of Franklin BSP Realty Trust during the 1st quarter valued at approximately $88,000. Bank of America Corp DE boosted its holdings in Franklin BSP Realty Trust by 50.6% in the first quarter. Bank of America Corp DE now owns 125,027 shares of the company’s stock worth $1,061,000 after purchasing an additional 41,992 shares during the period. Quantinno Capital Management LP increased its stake in Franklin BSP Realty Trust by 162.1% during the first quarter. Quantinno Capital Management LP now owns 43,029 shares of the company’s stock valued at $365,000 after purchasing an additional 26,611 shares during the last quarter. Q Global Advisors LLC increased its stake in Franklin BSP Realty Trust by 32.1% during the first quarter. Q Global Advisors LLC now owns 398,078 shares of the company’s stock valued at $3,380,000 after purchasing an additional 96,723 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new stake in shares of Franklin BSP Realty Trust during the first quarter worth $255,000. Institutional investors own 59.87% of the company’s stock.

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.