Buford Ortale Buys 29,597 Shares of Franklin BSP Realty Trust (NYSE:FBRT) Stock

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Director Buford Ortale acquired 29,597 shares of the company’s stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $9.85 per share, with a total value of $291,530.45. Following the completion of the acquisition, the director directly owned 28,900 shares in the company, valued at approximately $284,665. This represents a -4,246.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Franklin BSP Realty Trust Stock Performance

NYSE:FBRT opened at $8.43 on Friday. The company has a market cap of $648.46 million, a price-to-earnings ratio of 16.52 and a beta of 0.92. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $8.12 and a fifty-two week high of $11.84. The company has a debt-to-equity ratio of 3.74, a quick ratio of 90.06 and a current ratio of 90.06. The stock has a fifty day moving average price of $8.75 and a 200-day moving average price of $9.38.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The company had revenue of $74.38 million during the quarter, compared to the consensus estimate of $73.09 million. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 156.86%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Citizens Jmp decreased their price objective on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 16th. Zacks Research downgraded shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen raised Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of Franklin BSP Realty Trust by 65,059.1% during the 4th quarter. Farther Finance Advisors LLC now owns 71,675 shares of the company’s stock valued at $719,000 after purchasing an additional 71,565 shares during the last quarter. Jennison Associates LLC bought a new position in Franklin BSP Realty Trust in the 4th quarter valued at approximately $1,012,000. Gabelli Funds LLC lifted its stake in Franklin BSP Realty Trust by 24.7% in the 3rd quarter. Gabelli Funds LLC now owns 467,500 shares of the company’s stock valued at $5,077,000 after purchasing an additional 92,500 shares during the last quarter. Orchard Capital Management LLC boosted its position in Franklin BSP Realty Trust by 3.1% in the third quarter. Orchard Capital Management LLC now owns 158,590 shares of the company’s stock valued at $1,722,000 after buying an additional 4,762 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Franklin BSP Realty Trust by 1.8% in the third quarter. Rhumbline Advisers now owns 242,382 shares of the company’s stock valued at $2,632,000 after buying an additional 4,217 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

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.