Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) has earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.75.
FBRT has been the topic of a number of research analyst reports. JonesTrading reissued a “buy” rating and set a $12.00 price objective on shares of Franklin BSP Realty Trust in a report on Friday, September 11th. Citigroup restated a “market outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 23rd. Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 28th. Wall Street Zen downgraded shares of Franklin BSP Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, UBS Group set a $10.00 price objective on Franklin BSP Realty Trust in a report on Wednesday, September 23rd.
Get Our Latest Research Report on FBRT
Franklin BSP Realty Trust Stock Down 1.2%
Franklin BSP Realty Trust stock opened at $6.20 on Monday. Franklin BSP Realty Trust has a 1-year low of $5.90 and a 1-year high of $10.82. The company has a current ratio of 83.00, a quick ratio of 83.00 and a debt-to-equity ratio of 3.60. The firm has a 50 day simple moving average of $6.91 and a 200 day simple moving average of $8.26. The firm has a market capitalization of $469.38 million, a price-to-earnings ratio of -77.53 and a beta of 1.10.
Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.27). Franklin BSP Realty Trust had a return on equity of 4.30% and a net margin of 6.38%. The firm had revenue of $22.11 million during the quarter, compared to analysts’ expectations of $72.54 million. On average, analysts predict that Franklin BSP Realty Trust will post 0.73 earnings per share for the current year.
Franklin BSP Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Investors 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 12.9%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently -1,000.00%.
Insider Activity
In related news, CEO Richard J. Byrne bought 162,600 shares of Franklin BSP Realty Trust stock in a transaction dated Tuesday, November 3rd. The stock was acquired at an average cost of $6.14 per share, with a total value of $998,364.00. Following the completion of the acquisition, the chief executive officer directly owned 162,600 shares in the company, valued at approximately $998,364. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders purchased 164,664 shares of company stock worth $1,024,104. Corporate insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in Franklin BSP Realty Trust by 15.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,054 shares of the company’s stock valued at $94,000 after acquiring an additional 1,480 shares during the period. Concorde Asset Management LLC raised its position in shares of Franklin BSP Realty Trust by 10.5% during the 2nd quarter. Concorde Asset Management LLC now owns 16,900 shares of the company’s stock worth $141,000 after purchasing an additional 1,600 shares during the last quarter. Bessemer Group Inc. boosted its position 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 worth $46,000 after buying an additional 2,684 shares during the period. Pictet Asset Management Holding SA increased its position in Franklin BSP Realty Trust by 42.6% during the first quarter. Pictet Asset Management Holding SA now owns 16,553 shares of the company’s stock worth $141,000 after buying an additional 4,946 shares during the period. Finally, KBC Group NV purchased a new stake in Franklin BSP Realty Trust during the 1st quarter worth about $47,000. 59.87% of the stock is owned by institutional investors.
About Franklin BSP Realty Trust
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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