Franklin BSP Realty Trust (NYSE:FBRT) Receives “Market Outperform” Rating from Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of Franklin BSP Realty Trust (NYSE:FBRT) in a research report report published on Monday,Benzinga reports. They currently have a $11.00 price target on the stock.

FBRT has been the subject of several other reports. Zacks Research cut shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Finally, Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $7.83 on Monday. Franklin BSP Realty Trust has a 1 year low of $7.80 and a 1 year high of $11.84. The stock has a market capitalization of $602.60 million, a PE ratio of 15.37 and a beta of 0.92. 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 has a 50-day simple moving average of $8.58 and a 200-day simple moving average of $9.17.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $74.38 million during the quarter, compared to analyst estimates of $73.09 million. On average, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Tuesday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 156.86%.

Insider Buying and Selling at Franklin BSP Realty Trust

In other Franklin BSP Realty Trust news, Director Buford H. Ortale purchased 29,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $9.85 per share, for a total transaction of $291,530.45. Following the purchase, the director directly owned 28,900 shares in the company, valued at approximately $284,665. This trade represents a -4,246.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Franklin BSP Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in FBRT. Royal Bank of Canada boosted its position in shares of 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 purchasing an additional 1,378 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Franklin BSP Realty Trust in the first quarter valued at about $89,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Franklin BSP Realty Trust by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 153,474 shares of the company’s stock worth $1,955,000 after buying an additional 4,391 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Franklin BSP Realty Trust during the second quarter worth about $363,000. Finally, Cresset Asset Management LLC grew its position in Franklin BSP Realty Trust by 92.6% during the second quarter. Cresset Asset Management LLC now owns 20,131 shares of the company’s stock worth $222,000 after buying an additional 9,680 shares during the period. Hedge funds and other institutional investors own 59.87% of the company’s stock.

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.