Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives $11.50 Consensus Target Price from Brokerages

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have earned an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $11.50.

Several equities research analysts have issued reports on the company. Zacks Research upgraded Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Citizens Jmp reaffirmed a “market outperform” rating and set a $11.00 target price on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Finally, Weiss Ratings upgraded shares of Franklin BSP Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday.

Insider Transactions at Franklin BSP Realty Trust

In other news, Director Buford H. Ortale acquired 29,597 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $9.85 per share, for a total transaction of $291,530.45. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Arlington Trust Co LLC purchased a new position in Franklin BSP Realty Trust in the 4th quarter worth approximately $40,000. Assetmark Inc. bought a new stake in Franklin BSP Realty Trust in the fourth quarter valued at approximately $40,000. Danske Bank A S purchased a new stake in shares of Franklin BSP Realty Trust during the third quarter valued at approximately $45,000. State of Wyoming purchased a new stake in shares of Franklin BSP Realty Trust during the second quarter valued at approximately $47,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Franklin BSP Realty Trust in the fourth quarter worth approximately $44,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Trading Down 1.9%

Shares of Franklin BSP Realty Trust stock opened at $7.59 on Friday. Franklin BSP Realty Trust has a 1 year low of $7.34 and a 1 year high of $11.84. The firm has a market cap of $630.69 million, a PE ratio of 17.26 and a beta of 0.92. The stock has a fifty day moving average price of $8.16 and a 200-day moving average price of $8.87. The company has a debt-to-equity ratio of 3.47, a current ratio of 96.80 and a quick ratio of 90.06.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $65.29 million for the quarter, compared to the consensus estimate of $80.98 million. Franklin BSP Realty Trust had a return on equity of 5.82% and a net margin of 20.49%. Equities research analysts anticipate that Franklin BSP Realty Trust will post 0.72 EPS for the current year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio is currently 181.82%.

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.