Franklin BSP Realty Trust (NYSE:FBRT) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Franklin BSP Realty Trust (NYSE:FBRT) released its quarterly earnings data on Wednesday. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04), FiscalAI reports. Franklin BSP Realty Trust had a net margin of 38.83% and a return on equity of 8.86%.

Franklin BSP Realty Trust Trading Down 1.2%

FBRT traded down $0.12 during mid-day trading on Wednesday, hitting $10.13. 827,375 shares of the stock were exchanged, compared to its average volume of 676,932. The firm’s fifty day moving average is $10.32 and its two-hundred day moving average is $10.62. Franklin BSP Realty Trust has a 1-year low of $9.65 and a 1-year high of $13.58. The company has a market cap of $826.38 million, a PE ratio of 12.66 and a beta of 0.98. The company has a current ratio of 67.81, a quick ratio of 67.81 and a debt-to-equity ratio of 3.32.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Wednesday, December 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 14.0%. The ex-dividend date was Wednesday, December 31st. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.00.

Institutional Trading of Franklin BSP Realty Trust

Several hedge funds have recently made changes to their positions in FBRT. Danske Bank A S acquired a new position in shares of Franklin BSP Realty Trust in the third quarter valued at approximately $45,000. State of Wyoming purchased a new position in Franklin BSP Realty Trust in the 2nd quarter valued at approximately $47,000. Tower Research Capital LLC TRC grew its stake in shares of 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 worth $61,000 after acquiring an additional 1,617 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Franklin BSP Realty Trust by 986.3% in the third quarter. Russell Investments Group Ltd. now owns 7,604 shares of the company’s stock worth $83,000 after acquiring an additional 6,904 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Franklin BSP Realty Trust during the first quarter worth $89,000. Institutional investors and hedge funds 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.