Franklin BSP Realty Trust (NYSE:FBRT) Reaches New 12-Month Low – Here’s What Happened

by · The Cerbat Gem

Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report)’s stock price reached a new 52-week low on Wednesday. The stock traded as low as $6.03 and last traded at $6.0550, with a volume of 654,409 shares trading hands. The stock had previously closed at $6.17.

Analyst Ratings Changes

Several research analysts have recently commented on FBRT shares. UBS Group set a $10.00 price target on Franklin BSP Realty Trust in a research report on Wednesday, September 23rd. Citigroup reiterated a “market outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. JonesTrading reiterated a “buy” rating and set a $12.00 price target on shares of Franklin BSP Realty Trust in a research note on Friday, September 11th. BTIG Research downgraded shares of Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, September 18th. Finally, Weiss Ratings downgraded Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Franklin BSP Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $11.00.

View Our Latest Stock Report on Franklin BSP Realty Trust

Franklin BSP Realty Trust Trading Up 4.2%

The stock has a market capitalization of $521.08 million, a PE ratio of 9.87 and a beta of 0.97. The company has a quick ratio of 96.80, a current ratio of 96.80 and a debt-to-equity ratio of 3.47. The business’s fifty day moving average is $7.55 and its 200-day moving average is $8.12.

Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Franklin BSP Realty Trust had a return on equity of 5.82% and a net margin of 20.49%. The firm had revenue of $66.47 million for the quarter, compared to analysts’ expectations of $80.98 million. As a group, analysts anticipate that Franklin BSP Realty Trust, Inc. will post 0.73 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 12.7%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 181.82%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in Franklin BSP Realty Trust by 96.3% during the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock worth $46,000 after purchasing an additional 2,684 shares during the last quarter. KBC Group NV acquired a new stake in shares of Franklin BSP Realty Trust in the 1st quarter worth about $47,000. Ipsen Advisor Group LLC acquired a new position in shares of Franklin BSP Realty Trust during the first quarter worth approximately $88,000. PNC Financial Services Group Inc. raised its position in shares of Franklin BSP Realty Trust by 15.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,054 shares of the company’s stock worth $94,000 after buying an additional 1,480 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at $103,000. 59.87% of the stock is owned by institutional investors and hedge funds.

About Franklin BSP Realty Trust

(Get Free Report)

Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires and manages a portfolio of commercial real estate debt investments, with an emphasis on senior mortgage loans secured by properties such as multifamily, office, industrial, retail and hospitality assets.

In addition to senior mortgage loans, Franklin BSP Realty Trust may invest in subordinate and mezzanine loans, preferred equity, commercial mortgage-backed securities and other commercial real estate-related investments.

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