Franklin BSP Realty Trust (NYSE:FBRT) Reaches New 52-Week Low – What’s Next?

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $7.73 and last traded at $7.7250, with a volume of 90756 shares changing hands. The stock had previously closed at $7.86.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings lowered Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Citizens Jmp reissued a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Finally, Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Franklin BSP Realty Trust has a consensus rating of “Hold” and an average target price of $11.50.

Franklin BSP Realty Trust Stock Down 2.5%

The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06. The firm has a market capitalization of $589.90 million, a P/E ratio of 15.03 and a beta of 0.92. The firm’s fifty day moving average price is $8.33 and its 200-day moving average price is $8.97.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). The firm had revenue of $74.38 million for the quarter, compared to the consensus estimate of $73.09 million. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%. As a group, equities research analysts forecast that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current year.

Franklin BSP Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 10.4%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 156.86%.

Insider Activity at Franklin BSP Realty Trust

In other news, Director Buford H. Ortale acquired 29,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $9.85 per share, with a total value of $291,530.45. Following the purchase, the director owned 28,900 shares of the company’s stock, valued at approximately $284,665. This represents 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 available through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of Franklin BSP Realty Trust by 72.2% during the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company’s stock valued at $18,349,000 after purchasing an additional 766,875 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Franklin BSP Realty Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,256,179 shares of the company’s stock valued at $12,599,000 after purchasing an additional 59,424 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Franklin BSP Realty Trust by 7.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,207 shares of the company’s stock valued at $11,318,000 after purchasing an additional 70,645 shares during the last quarter. UBS Group AG boosted its holdings in Franklin BSP Realty Trust by 24.0% during the third quarter. UBS Group AG now owns 873,047 shares of the company’s stock worth $9,481,000 after buying an additional 168,993 shares in the last quarter. Finally, Eagle Point Credit Management LLC bought a new stake in Franklin BSP Realty Trust during the fourth quarter worth approximately $8,381,000. 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.