Franklin BSP Realty Trust (NYSE:FBRT) Sets New 1-Year Low - What's Next?

Key Points

• Franklin BSP Realty Trust shares fell to a new 52-week low of $6.61, trading below both their 50-day and 200-day moving averages.
• Analysts maintain a consensus “Hold” rating with an $11.00 target price, despite individual ratings ranging from Sell to Buy.
• The company reported quarterly EPS of $0.25, slightly above estimates, and declared a $0.20 quarterly dividend yielding approximately 11.9%; however, its 181.82% payout ratio raises sustainability concerns.

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report)'s share price reached a new 52-week low on Wednesday. The company traded as low as $6.61 and last traded at $6.7250, with a volume of 1886426 shares changing hands. The stock had previously closed at $6.71.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Zacks Research raised Franklin BSP Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Friday, July 10th. UBS Group set a $10.00 price objective on Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. Citizens Jmp reiterated a "market outperform" rating and issued a $11.00 target price on shares of Franklin BSP Realty Trust in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Franklin BSP Realty Trust from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 30th. Finally, JonesTrading reaffirmed a "buy" rating and issued a $12.00 target price on shares of Franklin BSP Realty Trust in a report on Friday, September 11th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $11.00.

Franklin BSP Realty Trust Price Performance

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 business has a 50-day moving average price of $7.90 and a 200 day moving average price of $8.34. The stock has a market cap of $558.44 million, a PE ratio of 15.28 and a beta of 0.93.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 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 business had revenue of $66.47 million for the quarter, compared to the consensus estimate of $80.98 million. As a group, research analysts forecast that Franklin BSP Realty Trust, Inc. will post 0.73 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Franklin BSP Realty Trust's dividend payout ratio is presently 181.82%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Several hedge funds have recently bought and sold shares of FBRT. Engineers Gate Manager LP purchased a new stake in shares of Franklin BSP Realty Trust in the 2nd quarter valued at about $103,000. Concorde Asset Management LLC increased its holdings in shares of Franklin BSP Realty Trust by 10.5% in the 2nd quarter. Concorde Asset Management LLC now owns 16,900 shares of the company's stock worth $141,000 after buying an additional 1,600 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Franklin BSP Realty Trust in the 2nd quarter worth $564,000. Waverly Advisors LLC raised its position in shares of Franklin BSP Realty Trust by 85.2% during the 2nd quarter. Waverly Advisors LLC now owns 55,515 shares of the company's stock valued at $452,000 after buying an additional 25,535 shares in the last quarter. Finally, Ipsen Advisor Group LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 1st quarter valued at $88,000. Hedge funds and other institutional investors own 59.87% of the company's stock.

Franklin BSP Realty Trust Company Profile

Franklin BSP Realty Trust NYSE: FBRT is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a portfolio of commercial real estate debt investments, with an emphasis on floating-rate mortgage loans secured by institutional-quality properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine loans, bridge loans, preferred equity investments and other commercial real estate-related credit investments.

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