Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) have received a consensus rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.50.
Several analysts have issued reports on FBRT shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Franklin BSP Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Finally, Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th.
Check Out Our Latest Stock Report on Franklin BSP Realty Trust
Insiders Place Their Bets
Hedge Funds Weigh In On Franklin BSP Realty Trust
A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in Franklin BSP Realty Trust by 16.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock worth $96,000 after purchasing an additional 1,366 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Franklin BSP Realty Trust by 3.6% during the 1st quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock worth $502,000 after buying an additional 1,378 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Franklin BSP Realty Trust by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock worth $319,000 after buying an additional 1,391 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Franklin BSP Realty Trust by 39.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock worth $61,000 after buying an additional 1,617 shares during the period. Finally, Mariner LLC increased its stake in shares of Franklin BSP Realty Trust by 0.4% in the 4th quarter. Mariner LLC now owns 502,832 shares of the company’s stock valued at $5,212,000 after acquiring an additional 1,957 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.
Franklin BSP Realty Trust Stock Performance
FBRT opened at $8.06 on Wednesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 96.80 and a quick ratio of 96.80. Franklin BSP Realty Trust has a 1 year low of $7.34 and a 1 year high of $11.84. The business’s 50-day moving average price is $8.01 and its two-hundred day moving average price is $8.66. The company has a market capitalization of $669.22 million, a price-to-earnings ratio of 18.32 and a beta of 0.92.
Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $65.29 million during the quarter, compared to the consensus estimate of $80.98 million. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. Equities analysts expect that Franklin BSP Realty Trust will post 0.72 EPS for the current fiscal year.
Franklin BSP Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.9%. Franklin BSP Realty Trust’s payout ratio is presently 181.82%.
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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