Buford Ortale Purchases 10,000 Shares of Franklin BSP Realty Trust (NYSE:FBRT) Stock

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Director Buford Ortale bought 10,000 shares of Franklin BSP Realty Trust stock in a transaction dated Tuesday, September 6th. The shares were bought at an average cost of $20.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the director directly owned 15,900 shares in the company, valued at approximately $318,000. This trade represents a 169.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Franklin BSP Realty Trust Trading Down 0.0%

Shares of FBRT stock opened at $8.43 on Friday. The company has a 50 day moving average of $8.75 and a 200-day moving average of $9.37. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74. Franklin BSP Realty Trust, Inc. has a 12-month low of $8.12 and a 12-month high of $11.84. The firm has a market cap of $648.46 million, a P/E ratio of 16.52 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $73.09 million. Sell-side analysts anticipate that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 9.5%. Franklin BSP Realty Trust’s payout ratio is presently 156.86%.

Institutional Trading of Franklin BSP Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. purchased a new position in shares of Franklin BSP Realty Trust during the fourth quarter worth about $40,000. Arlington Trust Co LLC purchased a new stake in Franklin BSP Realty Trust in the fourth quarter valued at approximately $40,000. Kemnay Advisory Services Inc. purchased a new stake in Franklin BSP Realty Trust in the fourth quarter valued at approximately $44,000. Danske Bank A S bought a new stake in Franklin BSP Realty Trust during the third quarter valued at approximately $45,000. Finally, Bessemer Group Inc. lifted its position in Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock valued at $46,000 after purchasing an additional 2,684 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FBRT. Zacks Research lowered Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 2nd. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Wall Street Zen upgraded shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Citizens Jmp lowered their price target on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Franklin BSP Realty Trust presently has an average rating of “Hold” and a consensus price target of $11.50.

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.