Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) Director Buford 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 price of $9.85 per share, for a total transaction of $291,530.45. Following the transaction, the director directly 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 legal filing with the SEC, which is available at this link.
Franklin BSP Realty Trust Trading Down 2.7%
Shares of FBRT opened at $8.20 on Thursday. The company’s fifty day moving average is $8.75 and its 200 day moving average is $9.39. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $8.12 and a fifty-two week high of $11.84. The stock has a market capitalization of $630.69 million, a PE ratio of 16.07 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 – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%.The business had revenue of $74.38 million during the quarter, compared to the consensus estimate of $73.09 million. Sell-side analysts expect that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current fiscal year.
Franklin BSP Realty Trust Announces Dividend
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Weiss Ratings cut shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Wall Street Zen upgraded shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citizens Jmp cut their price objective on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 16th. Finally, Zacks Research cut shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.50.
Get Our Latest Stock Analysis on Franklin BSP Realty Trust
Institutional Trading of Franklin BSP Realty Trust
A number of large investors have recently made changes to their positions in FBRT. Assetmark Inc. purchased a new stake in shares of Franklin BSP Realty Trust during the fourth quarter valued at $40,000. Arlington Trust Co LLC purchased a new stake in shares of Franklin BSP Realty Trust during the fourth quarter valued at $40,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Franklin BSP Realty Trust during the fourth quarter valued at $44,000. Danske Bank A S purchased a new stake in shares of Franklin BSP Realty Trust during the third quarter valued at $45,000. Finally, Bessemer Group Inc. boosted its stake in shares of Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock valued at $46,000 after purchasing an additional 2,684 shares during the period. 59.87% of the stock is owned by hedge funds and other 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.
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