Franklin BSP Realty Trust (NYSE:FBRT) Director Purchases $200,000.00 in Stock

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Director Buford Ortale acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were purchased at an average price of $20.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the director owned 15,900 shares of the company’s stock, valued at $318,000. The trade was a 169.49% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Franklin BSP Realty Trust Stock Performance

NYSE:FBRT opened at $8.43 on Friday. The company’s 50-day moving average is $8.75 and its two-hundred day moving average is $9.37. Franklin BSP Realty Trust, Inc. has a 1-year low of $8.12 and a 1-year high of $11.84. The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06. The firm has a market capitalization of $648.46 million, a price-to-earnings ratio of 16.52 and a beta of 0.92.

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

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 9.5%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 156.86%.

Analysts Set New Price Targets

FBRT has been the topic of several recent analyst reports. Weiss Ratings lowered Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Wall Street Zen raised shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research lowered shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Finally, Citizens Jmp dropped their price target on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Franklin BSP Realty Trust has an average rating of “Hold” and a consensus price target of $11.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Arlington Trust Co LLC acquired a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at $40,000. Assetmark Inc. purchased a new position in Franklin BSP Realty Trust in the fourth quarter valued at $40,000. Danske Bank A S acquired a new stake in Franklin BSP Realty Trust in the third quarter valued at $45,000. State of Wyoming acquired a new stake in Franklin BSP Realty Trust in the second quarter valued at $47,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Franklin BSP Realty Trust during the 4th quarter worth about $44,000. Institutional investors and hedge funds 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.