Franklin BSP Realty Trust (NYSE:FBRT) CEO Richard Byrne Purchases 162,600 Shares of Stock

Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) CEO Richard Byrne purchased 162,600 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was purchased at an average cost of $6.14 per share, with a total value of $998,364.00. Following the purchase, the chief executive officer owned 162,600 shares in the company, valued at approximately $998,364. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Franklin BSP Realty Trust Stock Down 2.4%

Shares of NYSE FBRT opened at $6.28 on Friday. The company has a 50 day simple moving average of $6.95 and a 200-day simple moving average of $8.29. The company has a market capitalization of $474.85 million, a P/E ratio of -78.43 and a beta of 1.10. The company has a debt-to-equity ratio of 3.60, a current ratio of 83.00 and a quick ratio of 83.00. Franklin BSP Realty Trust, Inc. has a 1 year low of $5.90 and a 1 year high of $10.82.

Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.27). The business had revenue of $22.11 million during the quarter, compared to analyst estimates of $72.54 million. Franklin BSP Realty Trust had a net margin of 6.38% and a return on equity of 4.30%. On average, equities research analysts predict that Franklin BSP Realty Trust, Inc. will post 0.73 earnings per share for the current year.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th were given a $0.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 12.7%. Franklin BSP Realty Trust’s payout ratio is currently -1,000.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FBRT shares. BTIG Research lowered Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, September 18th. UBS Group set a $10.00 price objective on Franklin BSP Realty Trust in a research report on Wednesday, September 23rd. Citigroup restated a “market outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. JonesTrading reaffirmed a “buy” rating and issued a $12.00 target price on shares of Franklin BSP Realty Trust in a research report on Friday, September 11th. Finally, B. Riley Financial decreased their target price on shares of Franklin BSP Realty Trust from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.75.

Check Out Our Latest Stock Analysis on FBRT

Institutional Trading of Franklin BSP Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its stake in shares of Franklin BSP Realty Trust by 96.3% in 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. KBC Group NV acquired a new position in shares of Franklin BSP Realty Trust in the first quarter valued at approximately $47,000. State of Wyoming purchased a new stake in Franklin BSP Realty Trust during the 3rd quarter worth approximately $54,000. Ipsen Advisor Group LLC purchased a new stake in Franklin BSP Realty Trust during the 1st quarter worth approximately $88,000. Finally, Simplicity Wealth LLC acquired a new stake in Franklin BSP Realty Trust during the 3rd quarter worth approximately $68,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

(Get Free Report)

Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a diversified portfolio of commercial real estate debt investments, with an emphasis on loans secured by properties in the United States.

Its investment activities primarily include senior mortgage loans, subordinate and mezzanine loans, preferred equity investments and other debt-related instruments. The portfolio is designed to provide financing to owners and operators of commercial properties across sectors such as multifamily, office, industrial, retail, hospitality and other specialty real estate.

Franklin BSP Realty Trust was formerly known as Benefit Street Partners Realty Trust and operates under the Franklin BSP platform.

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