Franklin BSP Realty Trust (NYSE:FBRT) Stock: Insider Richard Byrne Purchases 162,600 Shares

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) CEO Richard Byrne purchased 162,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was acquired at an average price of $6.14 per share, with a total value of $998,364.00. Following the purchase, the chief executive officer owned 162,600 shares in the company, valued at $998,364. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Franklin BSP Realty Trust Price Performance

NYSE FBRT traded down $0.15 during trading hours on Thursday, reaching $6.28. The company’s stock had a trading volume of 1,357,934 shares, compared to its average volume of 1,281,753. The firm has a market capitalization of $474.83 million, a price-to-earnings ratio of -78.43 and a beta of 1.10. Franklin BSP Realty Trust, Inc. has a 1-year low of $5.90 and a 1-year high of $10.82. The company has a debt-to-equity ratio of 3.60, a current ratio of 83.00 and a quick ratio of 83.00. The company’s 50-day moving average is $7.00 and its two-hundred day moving average is $8.31.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.27). Franklin BSP Realty Trust had a return on equity of 4.30% and a net margin of 6.38%. The business had revenue of $22.11 million for the quarter, compared to analysts’ expectations of $72.54 million. On average, equities analysts predict that Franklin BSP Realty Trust, Inc. will post 0.73 EPS for the current year.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.7%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is -1,000.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FBRT. Zacks Research lowered shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. B. Riley Financial decreased their price objective on shares of Franklin BSP Realty Trust from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Monday. BTIG Research lowered shares of Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, September 18th. JonesTrading reissued a “buy” rating and set a $12.00 target price on shares of Franklin BSP Realty Trust in a research note on Friday, September 11th. Finally, Citigroup reissued a “market outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Franklin BSP Realty Trust has a consensus rating of “Hold” and a consensus target price of $10.75.

Institutional Trading of Franklin BSP Realty Trust

A number of institutional investors have recently made changes to their positions in FBRT. Independent Financial Group LLC purchased a new position in shares of Franklin BSP Realty Trust in the first quarter worth about $1,117,000. Gamco Investors INC. ET AL grew its stake in Franklin BSP Realty Trust by 64.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 188,917 shares of the company’s stock valued at $1,604,000 after acquiring an additional 73,955 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Franklin BSP Realty Trust during the 2nd quarter valued at about $564,000. Q Global Advisors LLC grew its stake in Franklin BSP Realty Trust by 32.1% during the 1st quarter. Q Global Advisors LLC now owns 398,078 shares of the company’s stock valued at $3,380,000 after acquiring an additional 96,723 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Franklin BSP Realty Trust by 15.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,054 shares of the company’s stock valued at $94,000 after acquiring an additional 1,480 shares during the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Company Profile

Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a diversified portfolio of commercial real estate debt investments, with an emphasis on loans secured by properties in the United States.

Its investment activities primarily include senior mortgage loans, subordinate and mezzanine loans, preferred equity investments and other debt-related instruments. The portfolio is designed to provide financing to owners and operators of commercial properties across sectors such as multifamily, office, industrial, retail, hospitality and other specialty real estate.

Franklin BSP Realty Trust was formerly known as Benefit Street Partners Realty Trust and operates under the Franklin BSP platform.