Franklin BSP Realty Trust (NYSE:FBRT) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Franklin BSP Realty Trust (NYSE:FBRT) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities research analysts have also recently weighed in on FBRT. Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. JonesTrading lowered their price objective on shares of Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Franklin BSP Realty Trust Stock Down 1.3%

Shares of Franklin BSP Realty Trust stock opened at $9.35 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 70.78 and a current ratio of 70.78. Franklin BSP Realty Trust has a 52-week low of $8.42 and a 52-week high of $13.56. The stock has a market capitalization of $757.07 million, a price-to-earnings ratio of 14.61 and a beta of 0.99. The company’s 50 day moving average price is $9.81 and its 200-day moving average price is $10.42.

Franklin BSP Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Tuesday, March 31st. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 221.88%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several hedge funds have recently bought and sold shares of FBRT. Arlington Trust Co LLC bought a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $40,000. Assetmark Inc. purchased a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $40,000. Danske Bank A S bought a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter worth approximately $45,000. Transce3nd LLC purchased a new stake in shares of Franklin BSP Realty Trust in the 2nd quarter worth approximately $46,000. Finally, State of Wyoming purchased a new stake in shares of Franklin BSP Realty Trust in the 2nd quarter worth approximately $47,000. Institutional investors 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.