Franklin BSP Realty Trust (NYSE:FBRT) Hits New 1-Year Low – Here’s What Happened

Franklin BSP Realty Trust, Inc. (NYSE:FBRT)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $8.10 and last traded at $8.1050, with a volume of 628098 shares traded. The stock had previously closed at $8.24.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FBRT shares. Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report 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 cut their price objective on 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 lowered Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen raised Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.50.

Franklin BSP Realty Trust Stock Down 1.4%

The firm has a 50-day moving average price of $8.72 and a two-hundred day moving average price of $9.30. The company has a market capitalization of $625.30 million, a P/E ratio of 15.93 and a beta of 0.92. 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:FBRT) last released its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. The company had revenue of $74.38 million during the quarter, compared to the consensus estimate of $73.09 million. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 156.86%.

Insider Activity

In other Franklin BSP Realty Trust news, Director Buford H. Ortale acquired 29,597 shares of Franklin BSP Realty Trust stock in a transaction dated 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 acquisition, the director owned 28,900 shares of the company’s stock, valued at approximately $284,665. The trade was a -4,246.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FBRT. Eagle Point Credit Management LLC acquired a new position in shares of Franklin BSP Realty Trust in the 4th quarter worth approximately $8,381,000. Invesco Ltd. boosted its stake in shares of Franklin BSP Realty Trust by 72.2% in the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company’s stock valued at $18,349,000 after purchasing an additional 766,875 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Franklin BSP Realty Trust in the 2nd quarter valued at $4,237,000. UBS Group AG grew its holdings in shares of Franklin BSP Realty Trust by 24.0% in the 3rd quarter. UBS Group AG now owns 873,047 shares of the company’s stock worth $9,481,000 after purchasing an additional 168,993 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of Franklin BSP Realty Trust in the 1st quarter worth about $1,117,000. Institutional investors 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.