Franklin BSP Realty Trust (NYSE:FBRT) Sets New 52-Week Low - Should You Sell?

Key Points

• Franklin BSP Realty Trust fell to a new 52-week low of $6.11, with the stock last trading near $6.18—well below its 50-day and 200-day moving averages.
• Analysts maintain a consensus “Hold” rating with an $11.00 target price, despite mixed views ranging from “Buy” and “Market Outperform” to “Sell.”
• The company declared a quarterly dividend of $0.20, equivalent to an annualized 12.9% yield; however, its 181.82% payout ratio may raise concerns about dividend sustainability.

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) reached a new 52-week low on Tuesday. The stock traded as low as $6.11 and last traded at $6.1810, with a volume of 1716125 shares. The stock had previously closed at $6.27.

Wall Street Analyst Weigh In

FBRT has been the topic of a number of research analyst reports. Citigroup restated a "market outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 23rd. Citizens Jmp restated 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. UBS Group set a $10.00 price target on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 23rd. JonesTrading reiterated a "buy" rating and issued a $12.00 price objective on shares of Franklin BSP Realty Trust in a research report on Friday, September 11th. Finally, Zacks Research raised Franklin BSP Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Franklin BSP Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $11.00.

Franklin BSP Realty Trust Price Performance

The company has a debt-to-equity ratio of 3.47, a quick ratio of 96.80 and a current ratio of 96.80. The firm has a market capitalization of $513.27 million, a P/E ratio of 14.05 and a beta of 0.97. The company has a 50-day moving average price of $7.79 and a 200-day moving average price of $8.26.

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 analysts' consensus estimates of $0.24 by $0.01. Franklin BSP Realty Trust had a return on equity of 5.82% and a net margin of 20.49%.The business had revenue of $66.47 million during the quarter, compared to the consensus estimate of $80.98 million. On average, sell-side analysts predict that Franklin BSP Realty Trust, Inc. will post 0.73 earnings per share for the current year.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.9%. Franklin BSP Realty Trust's dividend payout ratio is 181.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new stake in Franklin BSP Realty Trust in the second quarter valued at approximately $103,000. Concorde Asset Management LLC grew 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 valued at $141,000 after buying an additional 1,600 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Franklin BSP Realty Trust in the 2nd quarter valued at $564,000. Waverly Advisors LLC increased its position in shares of Franklin BSP Realty Trust by 85.2% in 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 bought a new stake in shares of Franklin BSP Realty Trust in the 1st quarter valued at $88,000. Institutional investors own 59.87% of the company's stock.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust NYSE: FBRT is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires and manages a portfolio of commercial real estate debt investments, with an emphasis on senior mortgage loans secured by properties such as multifamily, office, industrial, retail and hospitality assets.

In addition to senior mortgage loans, Franklin BSP Realty Trust may invest in subordinate and mezzanine loans, preferred equity, commercial mortgage-backed securities and other commercial real estate-related investments.

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