Franklin BSP Realty Trust (NYSE:FBRT) Price Target Lowered to $12.00 at JonesTrading

Franklin BSP Realty Trust (NYSE:FBRT) had its price objective reduced by JonesTrading from $13.00 to $12.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

FBRT has been the subject of a number of other reports. Zacks Research raised Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock opened at $8.88 on Tuesday. Franklin BSP Realty Trust has a 52 week low of $8.42 and a 52 week high of $13.58. The company has a quick ratio of 67.81, a current ratio of 70.78 and a debt-to-equity ratio of 3.33. The business has a 50 day moving average price of $10.17 and a 200-day moving average price of $10.58. The company has a market cap of $724.53 million, a PE ratio of 13.87 and a beta of 0.98.

Franklin BSP Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Franklin BSP Realty Trust’s payout ratio is 221.88%.

Institutional Trading of Franklin BSP Realty Trust

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Franklin BSP Realty Trust by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,001,039 shares of the company’s stock valued at $21,394,000 after buying an additional 12,252 shares during the last quarter. Strong Tower Advisory Services increased its holdings in Franklin BSP Realty Trust by 2.4% in the 3rd quarter. Strong Tower Advisory Services now owns 1,442,728 shares of the company’s stock worth $15,668,000 after acquiring an additional 34,102 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Franklin BSP Realty Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,256,179 shares of the company’s stock valued at $12,599,000 after acquiring an additional 59,424 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 valued at $11,318,000 after purchasing an additional 70,645 shares during the last quarter. Finally, UBS Group AG lifted its holdings in Franklin BSP Realty Trust by 24.0% during the third quarter. UBS Group AG now owns 873,047 shares of the company’s stock valued at $9,481,000 after purchasing an additional 168,993 shares during the last quarter. 59.87% of the stock is owned by hedge funds and other institutional investors.

About Franklin BSP Realty Trust

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.