Franklin BSP Realty Trust (NYSE:FBRT) Trading Down 3.4% – Time to Sell?

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) shares fell 3.4% during mid-day trading on Wednesday . The company traded as low as $10.09 and last traded at $10.0850. 75,716 shares were traded during mid-day trading, a decline of 87% from the average session volume of 564,677 shares. The stock had previously closed at $10.44.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Franklin BSP Realty Trust presently has an average rating of “Buy” and an average price target of $14.00.

Franklin BSP Realty Trust Price Performance

The stock has a market capitalization of $819.36 million, a price-to-earnings ratio of 12.55 and a beta of 0.99. The company has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $10.74. The company has a debt-to-equity ratio of 3.32, a quick ratio of 67.81 and a current ratio of 67.81.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in shares of Franklin BSP Realty Trust during the first quarter worth $32,000. Quarry LP boosted its position in Franklin BSP Realty Trust by 120.5% during the first quarter. Quarry LP now owns 5,623 shares of the company’s stock valued at $72,000 after acquiring an additional 3,073 shares during the last quarter. Royal Bank of Canada grew its holdings in 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 acquiring an additional 1,378 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Franklin BSP Realty Trust by 11.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,249 shares of the company’s stock worth $11,342,000 after acquiring an additional 88,378 shares during the period. Finally, Plancorp LLC bought a new position in shares of Franklin BSP Realty Trust in the 1st quarter worth about $255,000. 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.