Franklin BSP Realty Trust (NYSE:FBRT) Director Buford Ortale Purchases 2,000 Shares of Stock

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Director Buford Ortale bought 2,000 shares of Franklin BSP Realty Trust stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $8.88 per share, with a total value of $17,760.00. Following the acquisition, the director owned 49,851 shares in the company, valued at approximately $442,676.88. This represents a 4.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Franklin BSP Realty Trust Stock Performance

Shares of NYSE:FBRT traded up $0.20 during midday trading on Thursday, reaching $8.88. 1,155,973 shares of the company’s stock traded hands, compared to its average volume of 911,302. The company has a debt-to-equity ratio of 3.33, a quick ratio of 67.81 and a current ratio of 70.78. Franklin BSP Realty Trust, Inc. has a one year low of $8.42 and a one year high of $13.58. The company has a market cap of $724.70 million, a price-to-earnings ratio of 13.88 and a beta of 0.98. The stock has a 50 day moving average of $10.14 and a 200 day moving average of $10.56.

Franklin BSP Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 221.88%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FBRT. JonesTrading lowered their price objective on shares of Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Franklin BSP Realty Trust has an average rating of “Moderate Buy” and an average price target of $13.50.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 worth $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 Franklin BSP Realty Trust by 7.6% during the second 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 period. CWM LLC increased its position in Franklin BSP Realty Trust by 126.7% in the second quarter. CWM LLC now owns 2,428 shares of the company’s stock worth $26,000 after buying an additional 1,357 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Franklin BSP Realty Trust by 16.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock worth $96,000 after buying an additional 1,366 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of 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 valued at $502,000 after buying an additional 1,378 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

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.