Franklin BSP Realty Trust (NYSE:FBRT) Hits New 52-Week Low – Should You Sell?

Franklin BSP Realty Trust, Inc. (NYSE:FBRT)’s stock price hit a new 52-week low on Monday . The company traded as low as $8.30 and last traded at $8.3950, with a volume of 17416 shares. The stock had previously closed at $8.35.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FBRT. Weiss Ratings restated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Thursday, January 22nd. Wall Street Zen raised shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. JonesTrading decreased their price target on shares of Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Franklin BSP Realty Trust Trading Up 2.9%

The firm has a fifty day moving average of $9.45 and a two-hundred day moving average of $10.14. The company has a market cap of $695.90 million, a PE ratio of 13.42 and a beta of 0.99. The company has a current ratio of 70.78, a quick ratio of 70.78 and a debt-to-equity ratio of 3.33.

Franklin BSP Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Tuesday, March 31st. Franklin BSP Realty Trust’s payout ratio is currently 125.00%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

A number of large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its position in shares of Franklin BSP Realty Trust by 48,934.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 48,054 shares of the company’s stock valued at $482,000 after purchasing an additional 47,956 shares in the last quarter. Invesco Ltd. lifted its holdings in Franklin BSP Realty Trust by 72.2% during the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company’s stock worth $18,349,000 after purchasing an additional 766,875 shares in the last quarter. XTX Topco Ltd boosted its stake in Franklin BSP Realty Trust by 276.6% in the 4th quarter. XTX Topco Ltd now owns 127,042 shares of the company’s stock worth $1,274,000 after purchasing an additional 93,310 shares during the period. Tudor Investment Corp ET AL bought a new position in Franklin BSP Realty Trust in the 4th quarter worth about $135,000. Finally, Polymer Capital Management US LLC purchased a new position in Franklin BSP Realty Trust during the 4th quarter valued at about $372,000. 59.87% of the stock is owned by institutional investors.

Franklin BSP Realty Trust Company Profile

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.