Franklin BSP Realty Trust (NYSE:FBRT) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Franklin BSP Realty Trust (NYSE:FBRT) from a hold rating to a strong sell rating in a research report report published on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Franklin BSP Realty Trust Trading Up 2.0%

Shares of FBRT stock opened at $10.25 on Wednesday. The company has a market cap of $836.09 million, a price-to-earnings ratio of 12.81 and a beta of 0.99. The firm has a fifty day moving average price of $10.25 and a 200-day moving average price of $10.68. The company has a debt-to-equity ratio of 3.32, a current ratio of 67.81 and a quick ratio of 67.81. Franklin BSP Realty Trust has a 1 year low of $9.65 and a 1 year high of $13.58.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Wednesday, December 31st were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is currently 177.50%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several institutional investors have recently added to or reduced their stakes in FBRT. CWM LLC increased its holdings in shares of Franklin BSP Realty Trust by 126.7% during the second quarter. CWM LLC now owns 2,428 shares of the company’s stock valued at $26,000 after acquiring an additional 1,357 shares in the last quarter. Danske Bank A S purchased a new position in shares of Franklin BSP Realty Trust in the third quarter worth $45,000. Transce3nd LLC purchased a new position in shares of Franklin BSP Realty Trust in the second quarter worth $46,000. State of Wyoming acquired a new stake in shares of Franklin BSP Realty Trust during the second quarter worth $47,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Franklin BSP Realty Trust by 39.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock valued at $61,000 after buying an additional 1,617 shares during the last quarter. Institutional investors and hedge funds 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.