Franklin BSP Realty Trust (NYSE:FBRT) Hits New 52-Week Low – Time to Sell?

Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.97 and last traded at $12.05, with a volume of 42883 shares traded. The stock had previously closed at $12.06.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Raymond James raised their price objective on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Janney Montgomery Scott began coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 price target on the stock. Finally, B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Franklin BSP Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $15.50.

Check Out Our Latest Research Report on Franklin BSP Realty Trust

Franklin BSP Realty Trust Stock Up 2.1 %

The company’s 50 day simple moving average is $12.82 and its 200-day simple moving average is $12.98. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67. The firm has a market cap of $1.01 billion, a P/E ratio of 15.10 and a beta of 1.39.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.47%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 173.17%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of large investors have recently added to or reduced their stakes in FBRT. FMR LLC lifted its holdings in shares of Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after buying an additional 787 shares during the period. Fairscale Capital LLC bought a new position in Franklin BSP Realty Trust in the second quarter valued at about $41,000. KBC Group NV boosted its position in Franklin BSP Realty Trust by 51.6% in the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after purchasing an additional 1,588 shares during the last quarter. Intech Investment Management LLC purchased a new position in Franklin BSP Realty Trust in the third quarter worth about $168,000. Finally, Concorde Asset Management LLC bought a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter valued at about $187,000. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

(Get Free Report)

Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the government-sponsored enterprises (GSEs)), or by an agency of the federal government, Government National Mortgage Association (Ginnie Mae).

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