Franklin BSP Realty Trust (NYSE:FBRT) Sets New 12-Month Low – Here’s What Happened

by · The Cerbat Gem

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Free Report) hit a new 52-week low on Thursday . The stock traded as low as $9.65 and last traded at $9.8050, with a volume of 63942 shares. The stock had previously closed at $9.74.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Read Our Latest Report on FBRT

Franklin BSP Realty Trust Stock Up 0.6%

The company has a market cap of $809.16 million, a price-to-earnings ratio of 12.39 and a beta of 0.99. The business has a 50-day simple moving average of $10.25 and a two-hundred day simple moving average of $10.70. The company has a quick ratio of 67.81, a current ratio of 67.81 and a debt-to-equity ratio of 3.32.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be paid a $0.355 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 14.3%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 177.50%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Franklin BSP Realty Trust by 6.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,108 shares of the company’s stock worth $226,000 after buying an additional 1,229 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Franklin BSP Realty Trust by 7.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 17,766 shares of the company’s stock valued at $190,000 after purchasing an additional 1,259 shares in the last quarter. CWM LLC raised its position 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 worth $26,000 after acquiring an additional 1,357 shares during the last quarter. Royal Bank of Canada raised its holdings in Franklin BSP Realty Trust by 3.6% during the 1st quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock worth $502,000 after purchasing an additional 1,378 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Franklin BSP Realty Trust by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock valued at $319,000 after buying an additional 1,391 shares during the period. 59.87% of the stock is currently owned by institutional investors.

Franklin BSP Realty Trust Company Profile

(Get Free Report)

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.

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