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

Franklin BSP Realty Trust (NYSE:FBRT) posted its quarterly earnings results on Wednesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02, FiscalAI reports. Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. The business had revenue of $65.29 million during the quarter, compared to analyst estimates of $80.98 million.

Franklin BSP Realty Trust Trading Down 2.9%

Shares of NYSE FBRT traded down $0.23 during trading hours on Wednesday, hitting $7.52. The company’s stock had a trading volume of 2,141,230 shares, compared to its average volume of 1,044,852. The company has a debt-to-equity ratio of 3.74, a quick ratio of 90.06 and a current ratio of 90.06. The stock has a market cap of $578.89 million, a price-to-earnings ratio of 14.75 and a beta of 0.92. Franklin BSP Realty Trust has a 12 month low of $7.42 and a 12 month high of $11.84. The business has a 50-day simple moving average of $8.22 and a 200-day simple moving average of $8.91.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date was Tuesday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio is currently 156.86%.

Insider Transactions at Franklin BSP Realty Trust

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

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of large investors have recently made changes to their positions in FBRT. Kemnay Advisory Services Inc. purchased a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $44,000. Danske Bank A S purchased a new stake in Franklin BSP Realty Trust in the third quarter worth $45,000. State of Wyoming bought a new stake in Franklin BSP Realty Trust in the second quarter valued at $47,000. Tower Research Capital LLC TRC boosted its holdings in Franklin BSP Realty Trust by 39.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock valued at $61,000 after acquiring an additional 1,617 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Franklin BSP Realty Trust by 986.3% in the third quarter. Russell Investments Group Ltd. now owns 7,604 shares of the company’s stock valued at $83,000 after acquiring an additional 6,904 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FBRT. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Zacks Research upgraded Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Finally, Citizens Jmp reissued a “market outperform” rating and set a $11.00 price objective on shares of Franklin BSP Realty Trust in a research note on Monday, July 6th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.