Franklin BSP Realty Trust (NYSE:FBRT) Issues Earnings Results

Franklin BSP Realty Trust (NYSE:FBRT) released its earnings results on Wednesday. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02, FiscalAI reports. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%.The business had revenue of $65.29 million for the quarter, compared to the consensus estimate of $80.98 million.

Franklin BSP Realty Trust Stock Performance

FBRT traded down $0.23 during midday trading on Wednesday, hitting $7.52. 2,141,230 shares of the company traded hands, compared to its average volume of 1,044,852. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74. The firm has a market capitalization of $578.89 million, a PE ratio of 14.75 and a beta of 0.92. The company’s 50-day moving average is $8.22 and its 200 day moving average is $8.91. Franklin BSP Realty Trust has a 52 week low of $7.42 and a 52 week high of $11.84.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 10.6%. Franklin BSP Realty Trust’s payout ratio is 156.86%.

Insider Activity at Franklin BSP Realty Trust

In related news, Director Buford H. Ortale purchased 29,597 shares of Franklin BSP Realty Trust stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $9.85 per share, for a total transaction of $291,530.45. Following the completion of the purchase, the director directly owned 28,900 shares of the company’s stock, valued at $284,665. The trade was a -4,246.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in 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 valued at $502,000 after buying an additional 1,378 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Franklin BSP Realty Trust in the first quarter worth $89,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Franklin BSP Realty Trust by 2.9% in 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 acquiring an additional 4,391 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Franklin BSP Realty Trust during the second quarter valued at $363,000. Finally, Cresset Asset Management LLC increased 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 valued at $222,000 after acquiring an additional 9,680 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings downgraded shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $11.00 price objective on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.50.

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.