Franklin BSP Realty Trust (NYSE:FBRT) Stock Gets Price Target Reduction from B. Riley Financial

Franklin BSP Realty Trust (NYSE:FBRT) had its price objective lowered by B. Riley Financial from $13.00 to $10.00 in a research report released on Monday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

A number of other research firms also recently issued reports on FBRT. Weiss Ratings downgraded shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. 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. Zacks Research cut shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. JonesTrading reaffirmed a “buy” rating and issued a $12.00 target price on shares of Franklin BSP Realty Trust in a research report on Friday, September 11th. Finally, UBS Group set a $10.00 price target on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Franklin BSP Realty Trust has a consensus rating of “Hold” and an average price target of $10.75.

Franklin BSP Realty Trust Stock Up 4.0%

Shares of Franklin BSP Realty Trust stock opened at $6.44 on Monday. The business’s 50 day simple moving average is $7.00 and its 200 day simple moving average is $8.31. Franklin BSP Realty Trust has a 52-week low of $5.90 and a 52-week high of $10.82. The firm has a market cap of $487.09 million, a PE ratio of 15.48 and a beta of 1.10. The company has a debt-to-equity ratio of 3.60, a quick ratio of 83.00 and a current ratio of 83.00.

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

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.4%. The ex-dividend date was Wednesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is presently -1,000.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FBRT. Bessemer Group Inc. increased its holdings in Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock worth $46,000 after buying an additional 2,684 shares during the last quarter. KBC Group NV acquired a new stake in Franklin BSP Realty Trust in the first quarter valued at $47,000. State of Wyoming acquired a new stake in Franklin BSP Realty Trust in the third quarter valued at $54,000. Ipsen Advisor Group LLC acquired a new stake in Franklin BSP Realty Trust in the first quarter valued at $88,000. Finally, Simplicity Wealth LLC bought a new position in shares of Franklin BSP Realty Trust in the 3rd quarter valued at about $68,000. 59.87% of the stock is owned by institutional investors and hedge funds.

About Franklin BSP Realty Trust

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.