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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.94 and last traded at $8.64, with a volume of 25446 shares traded. The stock had previously closed at $10.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FBRT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, January 22nd. Zacks Research lowered Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.00.

Franklin BSP Realty Trust Price Performance

The company’s fifty day moving average is $10.31 and its two-hundred day moving average is $10.61. 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 firm has a market cap of $705.82 million, a price-to-earnings ratio of 10.76 and a beta of 0.98.

Franklin BSP Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.2%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 177.50%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake 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 purchasing an additional 1,357 shares during the period. Assetmark Inc. acquired a new stake in Franklin BSP Realty Trust during the 4th quarter valued at $40,000. Arlington Trust Co LLC purchased a new stake in Franklin BSP Realty Trust during the 4th quarter worth $40,000. Danske Bank A S purchased a new stake in Franklin BSP Realty Trust during the 3rd quarter worth $45,000. Finally, Transce3nd LLC acquired a new position in Franklin BSP Realty Trust in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

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.