Franklin BSP Realty Trust (NYSE:FBRT) Sets New 12-Month Low – Should You Sell?

Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.73 and last traded at $7.7250, with a volume of 90756 shares. The stock had previously closed at $7.86.

Analysts Set New Price Targets

Several research firms recently commented on FBRT. Weiss Ratings cut shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Citizens Jmp restated a “market outperform” rating and issued a $11.00 price target on shares of Franklin BSP Realty Trust in a research report on Monday, July 6th. Finally, Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Get Our Latest Research Report on Franklin BSP Realty Trust

Franklin BSP Realty Trust Stock Performance

The stock has a market capitalization of $600.67 million, a P/E ratio of 15.30 and a beta of 0.92. The firm has a 50-day moving average of $8.27 and a 200 day moving average of $8.94. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74.

Franklin BSP Realty Trust (NYSE:FBRTGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The business had revenue of $74.38 million for the quarter, compared to analyst estimates of $73.09 million. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%. Research analysts anticipate that Franklin BSP Realty Trust, Inc. will post 0.72 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Tuesday, June 30th. Franklin BSP Realty Trust’s payout ratio is 156.86%.

Insiders Place Their Bets

In other Franklin BSP Realty Trust news, Director Buford H. Ortale bought 29,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $9.85 per share, with a total value of $291,530.45. Following the completion of the purchase, the director directly owned 28,900 shares in the company, valued at $284,665. The trade was a -4,246.34% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Ipsen Advisor Group LLC bought a new stake in shares of Franklin BSP Realty Trust in the 1st quarter valued at approximately $88,000. Bank of America Corp DE boosted its stake in Franklin BSP Realty Trust by 50.6% in the 1st quarter. Bank of America Corp DE now owns 125,027 shares of the company’s stock valued at $1,061,000 after buying an additional 41,992 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Franklin BSP Realty Trust by 162.1% in the 1st quarter. Quantinno Capital Management LP now owns 43,029 shares of the company’s stock valued at $365,000 after buying an additional 26,611 shares in the last quarter. Q Global Advisors LLC grew its position 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 valued at $3,380,000 after acquiring an additional 96,723 shares during the period. Finally, Waverly Advisors LLC bought a new stake in Franklin BSP Realty Trust in the first quarter valued at $255,000. 59.87% of the stock is owned by institutional investors and hedge funds.

About Franklin BSP Realty Trust

(Get Free Report)

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.

Further Reading

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