Franklin BSP Realty Trust (NYSE:FBRT) Reaches New 52-Week Low - Time to Sell?

Key Points

• Franklin BSP Realty Trust stock reached a new 52-week low of $10.39, closing at $10.41 with a trading volume of 103,665 shares.
• Analysts have a consensus rating of "Buy" for Franklin BSP Realty Trust, with a price target averaging $15.13.
• The company announced a quarterly dividend of $0.355 per share, resulting in a 13.65% yield with a payout ratio of 208.82%.
• Approximately 59.87% of Franklin BSP Realty Trust is owned by institutional investors and hedge funds.

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $10.39 and last traded at $10.41, with a volume of 103665 shares trading hands. The stock had previously closed at $10.48.

Analyst Upgrades and Downgrades

FBRT has been the topic of several research reports. JMP Securities reiterated a "market outperform" rating and issued a $15.00 price objective on shares of Franklin BSP Realty Trust in a research note on Tuesday, April 29th. Jones Trading dropped their price target on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Franklin BSP Realty Trust currently has a consensus rating of "Buy" and a consensus target price of $15.13.

Franklin BSP Realty Trust Trading Down 0.9%

The company has a current ratio of 77.38, a quick ratio of 77.38 and a debt-to-equity ratio of 3.19. The business's fifty day simple moving average is $10.86 and its two-hundred day simple moving average is $11.84. The stock has a market capitalization of $839.00 million, a P/E ratio of 15.01 and a beta of 1.04.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 30th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 13.91%. The ex-dividend date was Monday, June 30th. Franklin BSP Realty Trust's dividend payout ratio (DPR) is presently 208.82%.

Institutional Trading of Franklin BSP Realty Trust

A number of hedge funds have recently bought and sold shares of FBRT. Cetera Investment Advisers lifted its holdings in shares of Franklin BSP Realty Trust by 0.9% during the 1st quarter. Cetera Investment Advisers now owns 120,972 shares of the company's stock worth $1,541,000 after acquiring an additional 1,114 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of Franklin BSP Realty Trust by 9.7% during the 1st quarter. Coppell Advisory Solutions LLC now owns 12,860 shares of the company's stock worth $149,000 after buying an additional 1,138 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Franklin BSP Realty Trust by 6.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 20,877 shares of the company's stock worth $262,000 after buying an additional 1,238 shares during the period. CWM LLC boosted its stake in Franklin BSP Realty Trust by 126.7% during the 2nd quarter. CWM LLC now owns 2,428 shares of the company's stock worth $26,000 after acquiring an additional 1,357 shares during the last quarter. Finally, Royal Bank of Canada boosted 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 worth $502,000 after acquiring an additional 1,378 shares during the last quarter. 59.87% of the stock is owned by institutional investors.

About Franklin BSP Realty Trust

Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the government-sponsored enterprises (GSEs)), or by an agency of the federal government, Government National Mortgage Association (Ginnie Mae).