Franklin BSP Realty Trust (NYSE:FBRT) Director Buford Ortale Buys 1,046 Shares of Stock

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Director Buford Ortale acquired 1,046 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average price of $17.25 per share, with a total value of $18,043.50. Following the acquisition, the director directly owned 3,193 shares in the company, valued at $55,079.25. This represents a 48.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Franklin BSP Realty Trust Price Performance

Franklin BSP Realty Trust stock opened at $6.44 on Thursday. The stock has a market cap of $487.09 million, a price-to-earnings ratio of 15.48 and a beta of 1.10. The company has a debt-to-equity ratio of 3.60, a current ratio of 83.00 and a quick ratio of 83.00. Franklin BSP Realty Trust, Inc. has a 1 year low of $5.90 and a 1 year high of $10.82. The firm has a 50-day moving average of $7.00 and a two-hundred day moving average of $8.31.

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

Franklin BSP Realty Trust Dividend Announcement

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

Institutional Investors Weigh In On Franklin BSP Realty Trust

Large investors have recently modified their holdings of the business. Independent Financial Group LLC bought a new position in shares of Franklin BSP Realty Trust during the 1st quarter worth approximately $1,117,000. Q Global Advisors LLC boosted its stake in Franklin BSP Realty Trust by 32.1% in the first quarter. Q Global Advisors LLC now owns 398,078 shares of the company’s stock valued at $3,380,000 after acquiring an additional 96,723 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Franklin BSP Realty Trust by 64.3% in the first quarter. Gamco Investors INC. ET AL now owns 188,917 shares of the company’s stock valued at $1,604,000 after acquiring an additional 73,955 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Franklin BSP Realty Trust in the second quarter valued at approximately $564,000. Finally, Gabelli Funds LLC grew its holdings in Franklin BSP Realty Trust by 12.9% in the first quarter. Gabelli Funds LLC now owns 556,252 shares of the company’s stock worth $4,723,000 after purchasing an additional 63,752 shares during the last quarter. Institutional investors own 59.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on FBRT shares. Citigroup restated a “market outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. JonesTrading reiterated a “buy” rating and issued a $12.00 target price on shares of Franklin BSP Realty Trust in a report on Friday, September 11th. Zacks Research cut Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. Weiss Ratings downgraded Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Finally, UBS Group set a $10.00 price target on Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Franklin BSP Realty Trust presently has an average rating of “Hold” and an average price target of $10.75.

Franklin BSP Realty Trust Company Profile

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.