Franklin BSP Realty Trust (NYSE:FBRT) Shares Down 3.4% – What’s Next?

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) traded down 3.4% on Wednesday . The stock traded as low as $10.09 and last traded at $10.0850. 75,716 shares traded hands during trading, a decline of 87% from the average session volume of 564,677 shares. The stock had previously closed at $10.44.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Franklin BSP Realty Trust has an average rating of “Buy” and a consensus price target of $14.00.

Franklin BSP Realty Trust Price Performance

The company has a current ratio of 67.81, a quick ratio of 67.81 and a debt-to-equity ratio of 3.32. The business’s 50-day simple moving average is $10.36 and its two-hundred day simple moving average is $10.75. The firm has a market cap of $818.93 million, a price-to-earnings ratio of 12.54 and a beta of 1.00.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of FBRT. CWM LLC lifted its position in shares of Franklin BSP Realty Trust by 126.7% during the 2nd quarter. CWM LLC now owns 2,428 shares of the company’s stock valued at $26,000 after acquiring an additional 1,357 shares during the period. AlphaQuest LLC bought a new stake in Franklin BSP Realty Trust in the 1st quarter valued at about $32,000. Danske Bank A S acquired a new position in Franklin BSP Realty Trust during the 3rd quarter worth approximately $45,000. Transce3nd LLC bought a new stake in shares of Franklin BSP Realty Trust during the second quarter valued at approximately $46,000. Finally, State of Wyoming bought a new stake in shares of Franklin BSP Realty Trust during the second quarter valued at approximately $47,000. 59.87% of the stock is currently owned by institutional investors.

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.