Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Given Average Recommendation of “Moderate Buy” by Brokerages

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.50.

FBRT has been the topic of a number of analyst reports. Wall Street Zen raised Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research raised Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Thursday, January 22nd. Finally, JonesTrading lowered their price objective on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $8.93 on Thursday. The company’s fifty day moving average is $9.01 and its 200-day moving average is $9.90. Franklin BSP Realty Trust has a 12 month low of $8.24 and a 12 month high of $11.86. The firm has a market cap of $722.66 million, a price-to-earnings ratio of 13.95 and a beta of 0.96. The company has a quick ratio of 70.78, a current ratio of 70.78 and a debt-to-equity ratio of 3.33.

Franklin BSP Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Franklin BSP Realty Trust’s dividend payout ratio is currently 125.00%.

Institutional Trading of Franklin BSP Realty Trust

Large investors have recently modified their holdings of the company. Arlington Trust Co LLC bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth $40,000. Assetmark Inc. bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth $40,000. Danske Bank A S bought a new stake in shares of Franklin BSP Realty Trust during the 3rd quarter worth $45,000. State of Wyoming bought a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter worth $47,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth $44,000. 59.87% of the stock is owned by institutional investors.

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.