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

Franklin BSP Realty Trust (NYSE:FBRTGet Free Report) announced its earnings results on Wednesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02, FiscalAI reports. Franklin BSP Realty Trust had a return on equity of 5.75% and a net margin of 20.49%.The business had revenue of $65.29 million during the quarter, compared to analyst estimates of $80.98 million.

Franklin BSP Realty Trust Stock Down 3.2%

NYSE:FBRT traded down $0.24 during mid-day trading on Friday, reaching $7.50. The company’s stock had a trading volume of 480,793 shares, compared to its average volume of 1,049,182. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74. Franklin BSP Realty Trust has a 1 year low of $7.34 and a 1 year high of $11.84. The stock has a fifty day moving average of $8.18 and a 200-day moving average of $8.87. The firm has a market capitalization of $576.84 million, a PE ratio of 17.03 and a beta of 0.92.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.7%. The ex-dividend date was Tuesday, June 30th. Franklin BSP Realty Trust’s payout ratio is presently 181.82%.

Analysts Set New Price Targets

FBRT has been the topic of a number of recent analyst reports. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Weiss Ratings cut shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 2nd. Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $11.00 price objective on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.50.

Check Out Our Latest Research Report on FBRT

Insider Activity

In other Franklin BSP Realty Trust news, Director Buford H. Ortale acquired 29,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of $9.85 per share, with a total value of $291,530.45. Following the completion of the acquisition, the director directly owned 28,900 shares in the company, valued at $284,665. This represents a -4,246.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Danske Bank A S acquired a new position in shares of Franklin BSP Realty Trust during the third quarter worth $45,000. State of Wyoming purchased a new stake in shares of Franklin BSP Realty Trust during the second quarter worth about $47,000. Kemnay Advisory Services Inc. acquired a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at about $44,000. Tower Research Capital LLC TRC raised its position in shares of Franklin BSP Realty Trust by 39.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock valued at $61,000 after purchasing an additional 1,617 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Franklin BSP Realty Trust in the 1st quarter worth approximately $89,000. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

(Get Free Report)

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.

See Also

Earnings History for Franklin BSP Realty Trust (NYSE:FBRT)

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