Franklin BSP Realty Trust (NYSE:FBRT) CEO Acquires $998,364.00 in Stock

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) CEO Richard Byrne purchased 162,600 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was bought at an average price of $6.14 per share, with a total value of $998,364.00. Following the completion of the transaction, the chief executive officer directly owned 162,600 shares of the company’s stock, valued at approximately $998,364. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Franklin BSP Realty Trust Trading Down 2.4%

Franklin BSP Realty Trust stock traded down $0.15 during trading on Thursday, reaching $6.28. 1,357,934 shares of the company were exchanged, compared to its average volume of 1,281,753. Franklin BSP Realty Trust, Inc. has a 52-week low of $5.90 and a 52-week high of $10.82. The company has a market capitalization of $474.83 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. The stock’s 50 day simple moving average is $7.00 and its two-hundred day simple moving average is $8.31.

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

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 12.7%. The ex-dividend date was Wednesday, September 30th. Franklin BSP Realty Trust’s payout ratio is currently -1,000.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FBRT shares. Weiss Ratings cut shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. B. Riley Financial cut their price objective on shares of Franklin BSP Realty Trust from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Monday. Citigroup restated a “market outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 23rd. BTIG Research downgraded shares of Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, September 18th. Finally, JonesTrading reiterated a “buy” rating and issued a $12.00 target price on shares of Franklin BSP Realty Trust in a report on Friday, September 11th. Four 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.75.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Large investors have recently modified their holdings of the business. Independent Financial Group LLC acquired a new position in shares of Franklin BSP Realty Trust in the 1st quarter valued at $1,117,000. Gamco Investors INC. ET AL increased its position in shares of Franklin BSP Realty Trust by 64.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 188,917 shares of the company’s stock worth $1,604,000 after purchasing an additional 73,955 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter worth about $564,000. Q Global Advisors LLC increased its position in shares of Franklin BSP Realty Trust by 32.1% during the 1st quarter. Q Global Advisors LLC now owns 398,078 shares of the company’s stock worth $3,380,000 after purchasing an additional 96,723 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings 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 buying an additional 1,480 shares during the period. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

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.