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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $9.78 and last traded at $9.8850, with a volume of 298262 shares. The stock had previously closed at $9.82.

Wall Street Analysts Forecast Growth

FBRT has been the topic of a number of research reports. Jones Trading dropped their price target on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Franklin BSP Realty Trust currently has a consensus rating of “Buy” and an average price target of $14.67.

Franklin BSP Realty Trust Trading Up 1.4%

The business’s 50-day simple moving average is $10.90 and its two-hundred day simple moving average is $10.96. The company has a current ratio of 81.24, a quick ratio of 81.24 and a debt-to-equity ratio of 3.21. The company has a market capitalization of $812.40 million, a PE ratio of 12.44 and a beta of 1.00.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 30th were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date was Tuesday, September 30th. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers increased its position in Franklin BSP Realty Trust by 0.9% in the first quarter. Cetera Investment Advisers now owns 120,972 shares of the company’s stock worth $1,541,000 after buying an additional 1,114 shares during the last quarter. Coppell Advisory Solutions LLC boosted its stake in Franklin BSP Realty Trust by 9.7% in the first quarter. Coppell Advisory Solutions LLC now owns 12,860 shares of the company’s stock worth $149,000 after buying an additional 1,138 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Franklin BSP Realty Trust by 6.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,108 shares of the company’s stock valued at $226,000 after purchasing an additional 1,229 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Franklin BSP Realty Trust by 7.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 17,766 shares of the company’s stock valued at $190,000 after purchasing an additional 1,259 shares during the last quarter. Finally, CWM LLC raised its position in Franklin BSP Realty Trust by 126.7% in the 2nd quarter. CWM LLC now owns 2,428 shares of the company’s stock worth $26,000 after purchasing an additional 1,357 shares during the period. 59.87% of the stock is currently owned by institutional investors.

About Franklin BSP Realty Trust

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).