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

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.50.

FBRT has been the topic of a number of research analyst reports. Weiss Ratings upgraded Franklin BSP Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Zacks Research upgraded Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $11.00 price objective on shares of Franklin BSP Realty Trust in a research note on Monday, July 6th.

Insider Buying and Selling

In related news, Director Buford H. Ortale acquired 29,597 shares of the stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $9.85 per share, for a total transaction of $291,530.45. Following the transaction, the director owned 28,900 shares of the company’s stock, valued at $284,665. The trade was a -4,246.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Franklin BSP Realty Trust

A number of large investors have recently modified their holdings of FBRT. Arlington Trust Co LLC bought a new position in Franklin BSP Realty Trust in the 4th quarter worth approximately $40,000. Assetmark Inc. bought a new position in Franklin BSP Realty Trust in the 4th quarter valued at $40,000. Kemnay Advisory Services Inc. bought a new position in Franklin BSP Realty Trust in the 4th quarter valued at $44,000. Danske Bank A S acquired a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter valued at $45,000. Finally, Bessemer Group Inc. increased its stake in shares of Franklin BSP Realty Trust by 96.3% in the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock valued at $46,000 after buying an additional 2,684 shares during the period. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Trading Up 0.5%

Shares of FBRT stock opened at $8.48 on Wednesday. Franklin BSP Realty Trust has a 12-month low of $7.34 and a 12-month high of $11.84. The company has a market capitalization of $704.35 million, a P/E ratio of 19.28 and a beta of 0.92. The firm has a 50-day moving average price of $8.01 and a 200 day moving average price of $8.59. The company has a quick ratio of 96.80, a current ratio of 96.80 and a debt-to-equity ratio of 3.47.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $65.29 million for the quarter, compared to analysts’ expectations of $80.98 million. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. Research analysts forecast that Franklin BSP Realty Trust will post 0.72 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 9.4%. Franklin BSP Realty Trust’s dividend payout ratio is 181.82%.

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.