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

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $11.50.

Several analysts have recently issued reports on FBRT shares. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Citizens Jmp reissued a “market outperform” rating and set a $11.00 target price on shares of Franklin BSP Realty Trust in a research note on Monday. Weiss Ratings downgraded Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 2nd. Finally, Zacks Research lowered Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th.

Insider Buying and Selling

In related news, Director Buford H. Ortale bought 29,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $9.85 per share, with a total value of $291,530.45. Following the transaction, the director directly owned 28,900 shares of the company’s stock, valued at approximately $284,665. This represents a -4,246.34% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of Franklin BSP Realty Trust by 16.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock valued at $96,000 after purchasing an additional 1,366 shares during the last quarter. Royal Bank of Canada grew its position in Franklin BSP Realty Trust by 3.6% during the 1st quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock worth $502,000 after purchasing an additional 1,378 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Franklin BSP Realty Trust by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock worth $319,000 after purchasing an additional 1,391 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Franklin BSP Realty Trust by 39.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock valued at $61,000 after purchasing an additional 1,617 shares in the last quarter. Finally, Brookstone Capital Management increased its stake in Franklin BSP Realty Trust by 12.4% during the 4th quarter. Brookstone Capital Management now owns 15,196 shares of the company’s stock valued at $152,000 after purchasing an additional 1,680 shares in the last quarter. 59.87% of the stock is owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Trading Down 0.2%

FBRT traded down $0.01 during trading hours on Tuesday, reaching $7.83. The company’s stock had a trading volume of 201,824 shares, compared to its average volume of 1,030,322. Franklin BSP Realty Trust has a fifty-two week low of $7.80 and a fifty-two week high of $11.84. The stock has a market cap of $602.21 million, a PE ratio of 15.33 and a beta of 0.92. The business’s 50-day moving average is $8.58 and its 200-day moving average is $9.17. The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%.The company had revenue of $74.38 million for the quarter, compared to analysts’ expectations of $73.09 million. As a group, equities research analysts predict that Franklin BSP Realty Trust will post 0.72 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.2%. Franklin BSP Realty Trust’s dividend payout ratio is presently 156.86%.

Franklin BSP Realty Trust Company Profile

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.