Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday. The stock traded as low as $5.90 and last traded at $5.9450, with a volume of 1,006,164 shares trading hands. The stock had previously closed at $6.21.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Citigroup reissued a “market outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. BTIG Research lowered Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, September 18th. JonesTrading restated a “buy” rating and set a $12.00 price target on shares of Franklin BSP Realty Trust in a report on Friday, September 11th. Finally, UBS Group set a $10.00 price objective on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 23rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Franklin BSP Realty Trust currently has an average rating of “Hold” and a consensus target price of $11.00.
View Our Latest Analysis on Franklin BSP Realty Trust
Franklin BSP Realty Trust Price Performance
The company has a debt-to-equity ratio of 3.47, a current ratio of 96.80 and a quick ratio of 96.80. The firm has a market capitalization of $493.67 million, a price-to-earnings ratio of 10.18 and a beta of 0.97. The business’s fifty day simple moving average is $7.48 and its 200 day simple moving average is $8.08.
Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. The firm had revenue of $66.47 million during the quarter, compared to the consensus estimate of $80.98 million. On average, research analysts forecast that Franklin BSP Realty Trust, Inc. will post 0.73 EPS for the current year.
Franklin BSP Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 13.5%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 181.82%.
Institutional Trading of Franklin BSP Realty Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FBRT. Independent Financial Group LLC acquired a new position in Franklin BSP Realty Trust during the 1st quarter worth approximately $1,117,000. Q Global Advisors LLC boosted its holdings in Franklin BSP Realty Trust by 32.1% in the first quarter. Q Global Advisors LLC now owns 398,078 shares of the company’s stock worth $3,380,000 after acquiring an additional 96,723 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Franklin BSP Realty Trust by 64.3% in the first quarter. Gamco Investors INC. ET AL now owns 188,917 shares of the company’s stock worth $1,604,000 after acquiring an additional 73,955 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Franklin BSP Realty Trust in the second quarter valued at approximately $564,000. Finally, Gabelli Funds LLC grew its stake in Franklin BSP Realty Trust by 12.9% in the first quarter. Gabelli Funds LLC now owns 556,252 shares of the company’s stock valued at $4,723,000 after acquiring an additional 63,752 shares during the period. 59.87% of the stock is owned by institutional investors.
Franklin BSP Realty Trust Company Profile
Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires and manages a portfolio of commercial real estate debt investments, with an emphasis on senior mortgage loans secured by properties such as multifamily, office, industrial, retail and hospitality assets.
In addition to senior mortgage loans, Franklin BSP Realty Trust may invest in subordinate and mezzanine loans, preferred equity, commercial mortgage-backed securities and other commercial real estate-related investments.
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