Franklin BSP Realty Trust (NYSE:FBRT) Reaches New 1-Year Low – Here’s What Happened

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) reached a new 52-week low during trading on Monday . The stock traded as low as $7.87 and last traded at $7.8950, with a volume of 344780 shares changing hands. The stock had previously closed at $8.07.

Wall Street Analysts Forecast Growth

FBRT has been the topic of several research reports. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Weiss Ratings lowered Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 2nd. Citizens Jmp reiterated a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a research report on Monday. Finally, Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Franklin BSP Realty Trust has a consensus rating of “Hold” and a consensus target price of $11.50.

Franklin BSP Realty Trust Stock Down 1.7%

The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74. The firm’s 50-day moving average price is $8.60 and its 200 day moving average price is $9.19. The firm has a market cap of $610.37 million, a P/E ratio of 15.58 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings data 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). The firm had revenue of $74.38 million during the quarter, compared to the consensus estimate of $73.09 million. Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. As a group, research analysts expect that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current year.

Franklin BSP Realty Trust Dividend Announcement

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 given a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 10.1%. Franklin BSP Realty Trust’s payout ratio is currently 156.86%.

Insider Transactions at Franklin BSP Realty Trust

In other Franklin BSP Realty Trust news, Director Buford H. Ortale bought 29,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $9.85 per share, for a total transaction of $291,530.45. Following the transaction, the director directly owned 28,900 shares in the company, valued at $284,665. The trade was a -4,246.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of Franklin BSP Realty Trust by 16.6% during the fourth 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 in the last quarter. Royal Bank of Canada increased its stake 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 valued at $502,000 after buying an additional 1,378 shares during the period. The Manufacturers Life Insurance Company increased its stake 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 valued at $319,000 after buying an additional 1,391 shares during the period. Tower Research Capital LLC TRC raised its position in shares of 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 worth $61,000 after buying an additional 1,617 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of Franklin BSP Realty Trust by 12.4% during the 4th quarter. Brookstone Capital Management now owns 15,196 shares of the company’s stock worth $152,000 after buying an additional 1,680 shares in the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

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.