Franklin BSP Realty Trust (NYSE:FBRT) Posts Earnings Results, Misses Expectations By $0.04 EPS

Franklin BSP Realty Trust (NYSE:FBRT) posted its quarterly earnings data on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04), FiscalAI reports. Franklin BSP Realty Trust had a net margin of 38.83% and a return on equity of 8.86%.

Franklin BSP Realty Trust Stock Down 1.2%

Shares of Franklin BSP Realty Trust stock traded down $0.12 during midday trading on Wednesday, reaching $10.13. 828,930 shares of the company’s stock traded hands, compared to its average volume of 676,932. The company has a debt-to-equity ratio of 3.32, a quick ratio of 67.81 and a current ratio of 67.81. The company has a market cap of $826.38 million, a price-to-earnings ratio of 12.66 and a beta of 0.98. Franklin BSP Realty Trust has a 52 week low of $9.65 and a 52 week high of $13.58. The company’s 50 day simple moving average is $10.32 and its 200 day simple moving average is $10.62.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research cut Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, January 22nd. 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.00.

Institutional Trading of Franklin BSP Realty Trust

Large investors have recently made changes to their positions in the stock. Deutsche Bank AG raised its stake in shares of Franklin BSP Realty Trust by 7.0% in the 4th quarter. Deutsche Bank AG now owns 71,460 shares of the company’s stock valued at $717,000 after acquiring an additional 4,651 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Franklin BSP Realty Trust by 26.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 262,297 shares of the company’s stock valued at $2,631,000 after purchasing an additional 55,546 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Franklin BSP Realty Trust by 16.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock valued at $96,000 after purchasing an additional 1,366 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Franklin BSP Realty Trust in the third quarter valued at approximately $112,000. Finally, Centaurus Financial Inc. lifted its stake in shares of Franklin BSP Realty Trust by 15.5% in the third quarter. Centaurus Financial Inc. now owns 17,518 shares of the company’s stock worth $190,000 after buying an additional 2,345 shares during the last quarter. 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.