Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Given Consensus Rating of “Hold” by Brokerages

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has earned an average rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.50.

A number of equities research analysts recently commented on FBRT shares. Weiss Ratings raised shares of Franklin BSP Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Citizens Jmp reissued a “market outperform” rating and set a $11.00 price objective on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. JonesTrading reissued a “buy” rating and issued a $12.00 target price on shares of Franklin BSP Realty Trust in a research report on Friday. Finally, Zacks Research upgraded Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT opened at $7.83 on Friday. Franklin BSP Realty Trust has a 52-week low of $7.34 and a 52-week high of $11.53. The company has a 50-day simple moving average of $8.04 and a 200 day simple moving average of $8.49. The company has a debt-to-equity ratio of 3.47, a quick ratio of 96.80 and a current ratio of 96.80. The company has a market capitalization of $650.62 million, a PE ratio of 17.81 and a beta of 0.93.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. The business had revenue of $65.29 million for the quarter, compared to analyst estimates of $80.98 million. On average, research analysts predict that Franklin BSP Realty Trust will post 0.73 EPS for the current year.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 10.2%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 181.82%.

Insider Transactions at Franklin BSP Realty Trust

In other news, Director Buford Ortale acquired 29,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $9.85 per share, for a total transaction of $291,530.45. Following the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Large investors have recently modified their holdings of the business. Danske Bank A S bought a new position in Franklin BSP Realty Trust in the 3rd quarter worth approximately $45,000. State of Wyoming bought a new stake in Franklin BSP Realty Trust during the 2nd quarter valued at $47,000. Kemnay Advisory Services Inc. bought a new stake in Franklin BSP Realty Trust during the 4th quarter valued at $44,000. Bessemer Group Inc. lifted its position in shares of Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock worth $46,000 after acquiring an additional 2,684 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Franklin BSP Realty Trust during the first quarter worth $47,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

About Franklin BSP Realty Trust

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.