Q Global Advisors LLC Raises Holdings in Franklin BSP Realty Trust, Inc. $FBRT

Q Global Advisors LLC lifted its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 32.1% during the 1st quarter, HoldingsChannel reports. The firm owned 398,078 shares of the company’s stock after acquiring an additional 96,723 shares during the quarter. Franklin BSP Realty Trust accounts for about 3.0% of Q Global Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Q Global Advisors LLC’s holdings in Franklin BSP Realty Trust were worth $3,380,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FBRT. Arlington Trust Co LLC bought a new position in Franklin BSP Realty Trust during the fourth quarter valued at approximately $40,000. Assetmark Inc. purchased a new position in Franklin BSP Realty Trust during the 4th quarter valued at approximately $40,000. Kemnay Advisory Services Inc. bought a new stake in Franklin BSP Realty Trust in the 4th quarter worth approximately $44,000. Danske Bank A S bought a new stake in Franklin BSP Realty Trust in the 3rd quarter worth approximately $45,000. Finally, Bessemer Group Inc. raised its holdings in shares of Franklin BSP Realty Trust by 96.3% during the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock worth $46,000 after acquiring an additional 2,684 shares in the last quarter. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Trading Down 0.1%

Shares of NYSE FBRT opened at $7.80 on Monday. The business’s 50 day moving average is $8.27 and its two-hundred day moving average is $8.94. The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06. Franklin BSP Realty Trust, Inc. has a 1-year low of $7.57 and a 1-year high of $11.84. The stock has a market capitalization of $600.67 million, a P/E ratio of 15.30 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The company had revenue of $74.38 million for the quarter, compared to analysts’ expectations of $73.09 million. Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. As a group, research analysts expect that Franklin BSP Realty Trust, Inc. will post 0.72 EPS for the current year.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 10.2%. Franklin BSP Realty Trust’s payout ratio is currently 156.86%.

Insiders Place Their Bets

In related news, Director Buford H. Ortale purchased 29,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $9.85 per share, for a total transaction of $291,530.45. Following the acquisition, the director owned 28,900 shares of the company’s stock, valued at approximately $284,665. This represents a -4,246.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Zacks Research upgraded Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Citizens Jmp reaffirmed a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a research note on Monday, July 6th. Finally, Weiss Ratings lowered shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Franklin BSP Realty Trust has a consensus rating of “Hold” and an average target price of $11.50.

Franklin BSP Realty Trust 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.