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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.87 and last traded at $7.8950, with a volume of 344780 shares traded. The stock had previously closed at $8.07.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FBRT. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Citizens Jmp reissued a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a report on Monday. Weiss Ratings downgraded Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research lowered Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Franklin BSP Realty Trust Stock Performance

The company has a fifty day moving average price of $8.55 and a two-hundred day moving average price of $9.15. The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06. The company has a market capitalization of $603.75 million, a P/E ratio of 15.38 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate 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%. Equities analysts forecast that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The business 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 dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 10.2%. Franklin BSP Realty Trust’s payout ratio is presently 156.86%.

Insider Activity at Franklin BSP Realty Trust

In other news, Director Buford H. Ortale bought 29,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $9.85 per share, with a total value of $291,530.45. Following the transaction, the director owned 28,900 shares of the company’s stock, valued at $284,665. This trade represents a -4,246.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Franklin BSP Realty Trust by 16.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock worth $96,000 after buying an additional 1,366 shares during the last quarter. Royal Bank of Canada grew its stake in Franklin BSP Realty Trust by 3.6% during the first quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock worth $502,000 after purchasing an additional 1,378 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Franklin BSP Realty Trust by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock worth $319,000 after purchasing an additional 1,391 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Franklin BSP Realty Trust by 39.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock valued at $61,000 after buying an additional 1,617 shares during the period. Finally, Brookstone Capital Management lifted its stake in Franklin BSP Realty Trust by 12.4% in the fourth quarter. Brookstone Capital Management now owns 15,196 shares of the company’s stock valued at $152,000 after buying an additional 1,680 shares during the period. 59.87% of the stock is currently owned by institutional investors and hedge funds.

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.