Analysts Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Price Target at $11.50

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.50.

Several analysts have recently issued reports on FBRT shares. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Weiss Ratings downgraded shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $11.00 target price on shares of Franklin BSP Realty Trust in a report on Monday, July 6th.

Insider Activity

In other news, Director Buford H. Ortale acquired 29,597 shares of Franklin BSP Realty Trust stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $9.85 per share, with a total value of $291,530.45. Following the completion of the purchase, the director owned 28,900 shares of the company’s stock, valued at approximately $284,665. This represents a -4,246.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in shares of Franklin BSP Realty Trust by 16.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock worth $96,000 after purchasing an additional 1,366 shares during the period. Royal Bank of Canada grew its position in shares of Franklin BSP Realty Trust by 3.6% in the first quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock valued at $502,000 after purchasing an additional 1,378 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Franklin BSP Realty Trust by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock valued at $319,000 after purchasing an additional 1,391 shares during the period. Tower Research Capital LLC TRC increased its stake in Franklin BSP Realty Trust by 39.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock valued at $61,000 after purchasing an additional 1,617 shares during the last quarter. Finally, Brookstone Capital Management increased its stake in Franklin BSP Realty Trust by 12.4% in the fourth quarter. Brookstone Capital Management now owns 15,196 shares of the company’s stock valued at $152,000 after purchasing an additional 1,680 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Price Performance

FBRT stock opened at $7.86 on Friday. Franklin BSP Realty Trust has a 1 year low of $7.57 and a 1 year high of $11.84. The company has a debt-to-equity ratio of 3.74, a quick ratio of 90.06 and a current ratio of 90.06. The stock’s 50 day moving average price is $8.25 and its 200 day moving average price is $8.92. The firm has a market cap of $604.52 million, a P/E ratio of 15.40 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. The company had revenue of $74.38 million for the quarter, compared to analyst estimates of $73.09 million. On average, sell-side analysts expect that Franklin BSP Realty Trust will post 0.72 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Franklin BSP Realty Trust’s payout ratio is currently 156.86%.

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.