B. Riley Issues Negative Estimate for FBRT Earnings

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) – Investment analysts at B. Riley lowered their Q1 2025 earnings per share estimates for shares of Franklin BSP Realty Trust in a note issued to investors on Monday, April 21st. B. Riley analyst R. Binner now forecasts that the company will earn $0.27 per share for the quarter, down from their previous forecast of $0.35. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Franklin BSP Realty Trust’s current full-year earnings is $1.41 per share. B. Riley also issued estimates for Franklin BSP Realty Trust’s Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.39 EPS.

FBRT has been the topic of several other research reports. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Jones Trading restated a “buy” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Franklin BSP Realty Trust currently has a consensus rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Stock Down 0.4 %

NYSE:FBRT opened at $11.51 on Wednesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. The company has a 50-day moving average of $12.54 and a 200 day moving average of $12.73. Franklin BSP Realty Trust has a 1-year low of $10.50 and a 1-year high of $14.12. The firm has a market cap of $962.66 million, a PE ratio of 13.87 and a beta of 1.14.

Franklin BSP Realty Trust (NYSE:FBRT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $55.95 million during the quarter, compared to analysts’ expectations of $49.28 million. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a dividend of $0.355 per share. The ex-dividend date was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 12.34%. Franklin BSP Realty Trust’s dividend payout ratio is currently 171.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Central Pacific Bank Trust Division purchased a new position in Franklin BSP Realty Trust during the 1st quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Franklin BSP Realty Trust in the fourth quarter worth $32,000. FMR LLC lifted its position in Franklin BSP Realty Trust by 42.9% during the third quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after purchasing an additional 787 shares during the period. GAMMA Investing LLC boosted its holdings in Franklin BSP Realty Trust by 1,683.5% in the first quarter. GAMMA Investing LLC now owns 4,637 shares of the company’s stock valued at $59,000 after purchasing an additional 4,377 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in Franklin BSP Realty Trust during the 4th quarter worth about $58,000. 59.87% of the stock is owned by institutional investors and hedge funds.

About Franklin BSP Realty Trust

Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the government-sponsored enterprises (GSEs)), or by an agency of the federal government, Government National Mortgage Association (Ginnie Mae).