Franklin BSP Realty Trust (NYSE:FBRT) Releases Earnings Results, Beats Estimates By $0.02 EPS

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

Franklin BSP Realty Trust Price Performance

Franklin BSP Realty Trust stock traded down $0.03 during mid-day trading on Thursday, hitting $7.50. 844,078 shares of the company were exchanged, compared to its average volume of 1,043,095. The company has a market capitalization of $577.58 million, a PE ratio of 14.74 and a beta of 0.92. The business has a fifty day moving average of $8.20 and a 200 day moving average of $8.89. Franklin BSP Realty Trust has a 1-year low of $7.42 and a 1-year high of $11.84. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 10.7%. The ex-dividend date was Tuesday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio is currently 156.86%.

Wall Street Analysts Forecast Growth

Several research firms have commented on FBRT. Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $11.00 price target on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Finally, Weiss Ratings lowered Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Franklin BSP Realty Trust has an average rating of “Hold” and an average target price of $11.50.

Insider Buying and Selling at Franklin BSP Realty Trust

In other news, Director Buford H. Ortale bought 29,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $9.85 per share, for a total transaction of $291,530.45. Following the transaction, the director directly owned 28,900 shares of the company’s stock, valued at $284,665. This trade represents a -4,246.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Danske Bank A S bought a new stake in Franklin BSP Realty Trust during the 3rd quarter worth approximately $45,000. State of Wyoming acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at $47,000. Kemnay Advisory Services Inc. bought a new position in shares of Franklin BSP Realty Trust in the fourth quarter valued at about $44,000. Tower Research Capital LLC TRC lifted its position in 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 in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Franklin BSP Realty Trust during the 1st quarter worth about $89,000. Institutional investors own 59.87% of the company’s stock.

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.