Franklin BSP Realty Trust (NYSE:FBRT) Announces Quarterly Earnings Results

Franklin BSP Realty Trust (NYSE:FBRT) announced its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13), FiscalAI reports. The company had revenue of $74.38 million during the quarter, compared to analyst estimates of $72.12 million. Franklin BSP Realty Trust had a return on equity of 7.22% and a net margin of 31.03%.

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $8.98 on Thursday. The stock has a 50-day simple moving average of $8.92 and a 200 day simple moving average of $9.78. Franklin BSP Realty Trust has a twelve month low of $8.24 and a twelve month high of $11.84. The stock has a market capitalization of $691.28 million, a PE ratio of 14.03 and a beta of 0.96. The company has a debt-to-equity ratio of 3.33, a quick ratio of 70.78 and a current ratio of 70.78.

Franklin BSP Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Franklin BSP Realty Trust’s payout ratio is currently 125.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Barclays PLC increased its position in Franklin BSP Realty Trust by 10.2% during the fourth quarter. Barclays PLC now owns 135,101 shares of the company’s stock worth $1,355,000 after acquiring an additional 12,504 shares during the period. Dark Forest Capital Management LP bought a new stake in Franklin BSP Realty Trust in the 3rd quarter valued at $1,304,000. XTX Topco Ltd boosted its holdings in Franklin BSP Realty Trust by 276.6% in the 4th quarter. XTX Topco Ltd now owns 127,042 shares of the company’s stock valued at $1,274,000 after purchasing an additional 93,310 shares during the period. AQR Capital Management LLC grew its position in Franklin BSP Realty Trust by 20.1% in the 4th quarter. AQR Capital Management LLC now owns 100,981 shares of the company’s stock worth $1,013,000 after purchasing an additional 16,889 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Franklin BSP Realty Trust by 13.2% in the 3rd quarter. California State Teachers Retirement System now owns 85,573 shares of the company’s stock worth $929,000 after purchasing an additional 9,968 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FBRT shares. JonesTrading cut their price objective on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Wall Street Zen raised Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Tuesday, April 21st. Citizens Jmp dropped their price target on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 16th. Finally, Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.50.

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.