Key Points
- Insider buy: Director Buford Ortale bought 2,000 shares at $8.88 on Feb. 17 for $17,760, increasing his stake to 49,851 shares (a 4.18% rise).
- Dividend cut and yield: The company declared a $0.20 quarterly dividend ($0.80 annualized) with an ~8.8% yield, while the payout ratio sits at an unsustainable 221.88%.
- Market and analyst context: FBRT traded around $9.10 (market cap ~$742M), institutions own ~59.9% (Invesco notably added), and analysts show a "Moderate Buy" consensus with a $13.50 average price target.
Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) Director Buford Ortale bought 2,000 shares of Franklin BSP Realty Trust stock in a transaction dated Tuesday, February 17th. The shares were bought at an average cost of $8.88 per share, for a total transaction of $17,760.00. Following the completion of the transaction, the director owned 49,851 shares of the company's stock, valued at approximately $442,676.88. This trade represents a 4.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Franklin BSP Realty Trust Trading Up 2.4%
NYSE:FBRT traded up $0.22 during midday trading on Friday, hitting $9.10. The stock had a trading volume of 460,813 shares, compared to its average volume of 897,188. Franklin BSP Realty Trust, Inc. has a one year low of $8.42 and a one year high of $13.58. The company has a market capitalization of $742.24 million, a price-to-earnings ratio of 14.20 and a beta of 0.98. The stock has a 50-day moving average of $10.10 and a 200 day moving average of $10.55. The company has a quick ratio of 67.81, a current ratio of 70.78 and a debt-to-equity ratio of 3.33.
Franklin BSP Realty Trust Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 8.8%. Franklin BSP Realty Trust's payout ratio is currently 221.88%.
Institutional Trading of Franklin BSP Realty Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBRT. Invesco Ltd. grew its holdings in Franklin BSP Realty Trust by 72.2% during the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company's stock worth $18,349,000 after acquiring an additional 766,875 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Franklin BSP Realty Trust by 276.6% during the fourth quarter. XTX Topco Ltd now owns 127,042 shares of the company's stock worth $1,274,000 after purchasing an additional 93,310 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Franklin BSP Realty Trust in the 4th quarter valued at approximately $135,000. Polymer Capital Management US LLC acquired a new position in shares of Franklin BSP Realty Trust during the 4th quarter worth $372,000. Finally, Guggenheim Capital LLC purchased a new position in Franklin BSP Realty Trust in the 4th quarter valued at approximately $260,000. Hedge funds and other institutional investors own 59.87% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on FBRT shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Franklin BSP Realty Trust in a research note on Thursday, January 22nd. Zacks Research raised shares of Franklin BSP Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 12th. Finally, JonesTrading dropped their target price on Franklin BSP Realty Trust from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Franklin BSP Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $13.50.
Check Out Our Latest Stock Analysis on FBRT
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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