Franklin BSP Realty Trust (NYSE:FBRT) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Franklin BSP Realty Trust (NYSE:FBRT) from a hold rating to a strong sell rating in a research report report published on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, October 8th. Three investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.00.

Franklin BSP Realty Trust Stock Performance

Franklin BSP Realty Trust stock opened at $10.30 on Wednesday. The firm has a market capitalization of $840.17 million, a P/E ratio of 12.87 and a beta of 0.99. The stock has a fifty day moving average price of $10.26 and a two-hundred day moving average price of $10.67. Franklin BSP Realty Trust has a 52-week low of $9.65 and a 52-week high of $13.58. The company has a debt-to-equity ratio of 3.32, a current ratio of 67.81 and a quick ratio of 67.81.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Wednesday, December 31st were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date was Wednesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is currently 177.50%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Several institutional investors have recently modified their holdings of FBRT. Geode Capital Management LLC raised its position in shares of Franklin BSP Realty Trust by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,001,039 shares of the company’s stock valued at $21,394,000 after acquiring an additional 12,252 shares during the period. Strong Tower Advisory Services boosted its position in shares of Franklin BSP Realty Trust by 2.4% during the third quarter. Strong Tower Advisory Services now owns 1,442,728 shares of the company’s stock worth $15,668,000 after purchasing an additional 34,102 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Franklin BSP Realty Trust by 7.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,207 shares of the company’s stock worth $11,318,000 after purchasing an additional 70,645 shares in the last quarter. UBS Group AG grew its holdings in shares of Franklin BSP Realty Trust by 24.0% in the 3rd quarter. UBS Group AG now owns 873,047 shares of the company’s stock valued at $9,481,000 after buying an additional 168,993 shares during the period. Finally, Gratia Capital LLC increased its position in shares of Franklin BSP Realty Trust by 42.1% in the 2nd quarter. Gratia Capital LLC now owns 817,837 shares of the company’s stock valued at $8,743,000 after buying an additional 242,395 shares in the last quarter. 59.87% of the stock is currently 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.