Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Given Average Rating of "Hold" by Brokerages

Key Points

• Franklin BSP Realty Trust has a consensus “Hold” rating from five brokerages: three buys, one hold and one sell. Analysts’ average 12-month price target is $11.50, compared with the stock’s reported price of $8.06.
• FBRT reported quarterly EPS of $0.25, slightly exceeding the $0.24 consensus estimate, though revenue of $65.29 million fell short of the $80.98 million estimate.
• The company pays a quarterly dividend of $0.20, representing an annualized dividend of $0.80 and a reported yield of 9.9%; its payout ratio is elevated at 181.82%.

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) has earned a consensus recommendation of "Hold" from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.50.

Several research firms recently issued reports 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 Friday, July 10th. Citizens Jmp reissued a "market outperform" rating and issued a $11.00 target price on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Finally, Weiss Ratings upgraded Franklin BSP Realty Trust from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 30th.

Franklin BSP Realty Trust Stock Performance

FBRT opened at $8.06 on Wednesday. The stock's 50 day simple moving average is $8.01 and its 200-day simple moving average is $8.66. The company has a current ratio of 96.80, a quick ratio of 96.80 and a debt-to-equity ratio of 3.47. The stock has a market cap of $669.22 million, a PE ratio of 18.32 and a beta of 0.92. Franklin BSP Realty Trust has a 1 year low of $7.34 and a 1 year high of $11.84.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. The firm had revenue of $65.29 million for the quarter, compared to analyst estimates of $80.98 million. Sell-side analysts forecast that Franklin BSP Realty Trust will post 0.72 EPS for the current year.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.9%. The ex-dividend date was Tuesday, June 30th. Franklin BSP Realty Trust's payout ratio is currently 181.82%.

Insider Buying and Selling

In other Franklin BSP Realty Trust news, Director Buford H. Ortale purchased 29,597 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $9.85 per share, with a total value of $291,530.45. Following the acquisition, the director directly owned 28,900 shares of the company's stock, valued at approximately $284,665. This trade represents a -4,246.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Franklin BSP Realty Trust

Several large investors have recently made changes to their positions in the business. Arlington Trust Co LLC bought a new stake in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $40,000. Assetmark Inc. acquired a new position in Franklin BSP Realty Trust during the 4th quarter worth $40,000. Kemnay Advisory Services Inc. acquired a new position in Franklin BSP Realty Trust during the 4th quarter worth $44,000. Danske Bank A S acquired a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter valued at $45,000. Finally, Bessemer Group Inc. increased its stake in shares of Franklin BSP Realty Trust by 96.3% in the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the company's stock valued at $46,000 after buying an additional 2,684 shares during the period. 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.

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