Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $10.75.

A number of equities analysts have recently issued reports on FBRT shares. Wall Street Zen lowered shares of Franklin BSP Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday. JonesTrading reissued a “buy” rating and set a $12.00 price target on shares of Franklin BSP Realty Trust in a report on Friday, September 11th. Citigroup reaffirmed a “market outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. B. Riley Financial decreased their price objective on Franklin BSP Realty Trust from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Finally, BTIG Research downgraded Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, September 18th.

Insider Transactions at Franklin BSP Realty Trust

In other news, CEO Richard J. Byrne acquired 162,600 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were bought at an average cost of $6.14 per share, with a total value of $998,364.00. Following the purchase, the chief executive officer owned 162,600 shares of the company’s stock, valued at $998,364. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have acquired 164,664 shares of company stock valued at $1,024,104. Insiders own 1.30% of the company’s stock.

Institutional Trading of Franklin BSP Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in FBRT. Bessemer Group Inc. grew its holdings in Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock worth $46,000 after acquiring an additional 2,684 shares during the period. KBC Group NV acquired a new stake in Franklin BSP Realty Trust in the first quarter valued at $47,000. State of Wyoming acquired a new stake in Franklin BSP Realty Trust in the third quarter valued at $54,000. Ipsen Advisor Group LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 1st quarter worth $88,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 3rd quarter worth $68,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Up 0.0%

Shares of NYSE FBRT opened at $6.20 on Monday. The stock has a market cap of $469.40 million, a PE ratio of -77.53 and a beta of 1.10. The company has a quick ratio of 83.00, a current ratio of 83.00 and a debt-to-equity ratio of 3.60. Franklin BSP Realty Trust has a 52-week low of $5.90 and a 52-week high of $10.82. The business has a 50-day moving average price of $6.91 and a 200 day moving average price of $8.26.

Franklin BSP Realty Trust (NYSE:FBRT) last released its quarterly earnings results on Wednesday, October 28th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.27). Franklin BSP Realty Trust had a return on equity of 4.30% and a net margin of 6.38%. The firm had revenue of $22.11 million for the quarter, compared to analyst estimates of $72.54 million. Equities research analysts forecast that Franklin BSP Realty Trust will post 0.73 earnings per share for the current year.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date was Wednesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is -1,000.00%.

Franklin BSP Realty Trust Company Profile

Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a diversified portfolio of commercial real estate debt investments, with an emphasis on loans secured by properties in the United States.

Its investment activities primarily include senior mortgage loans, subordinate and mezzanine loans, preferred equity investments and other debt-related instruments. The portfolio is designed to provide financing to owners and operators of commercial properties across sectors such as multifamily, office, industrial, retail, hospitality and other specialty real estate.

Franklin BSP Realty Trust was formerly known as Benefit Street Partners Realty Trust and operates under the Franklin BSP platform.