Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Given Average Rating of “Hold” by Brokerages

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has been given an average recommendation of “Hold” by the five brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $11.50.

A number of brokerages have issued reports on FBRT. Citizens Jmp decreased their price target on Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a report on Thursday, April 16th. Wall Street Zen raised Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings downgraded Franklin BSP Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, JonesTrading decreased their price target on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, February 17th.

Franklin BSP Realty Trust Trading Down 0.1%

Shares of NYSE:FBRT opened at $9.09 on Monday. Franklin BSP Realty Trust has a 12-month low of $8.24 and a 12-month high of $11.84. The company has a market capitalization of $699.18 million, a PE ratio of 17.81 and a beta of 0.94. The business has a 50 day moving average of $8.93 and a two-hundred day moving average of $9.73. The company has a current ratio of 90.06, a quick ratio of 90.06 and a debt-to-equity ratio of 3.74.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. The company had revenue of $74.38 million during the quarter, compared to analyst estimates of $73.09 million. As a group, analysts forecast that Franklin BSP Realty Trust will post 0.79 EPS for the current year.

Franklin BSP Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 8.8%. Franklin BSP Realty Trust’s payout ratio is presently 156.86%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in shares of Franklin BSP Realty Trust by 16.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock worth $96,000 after buying an additional 1,366 shares during the period. Royal Bank of Canada raised its stake in shares of 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 buying an additional 1,378 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Franklin BSP Realty Trust by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock worth $319,000 after buying an additional 1,391 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Franklin BSP Realty Trust by 39.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock worth $61,000 after buying an additional 1,617 shares during the period. Finally, Brookstone Capital Management raised its stake in shares of Franklin BSP Realty Trust by 12.4% during the 4th quarter. Brookstone Capital Management now owns 15,196 shares of the company’s stock worth $152,000 after buying an additional 1,680 shares during the period. 59.87% of the stock is owned by institutional investors and hedge funds.

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.