Key Points
- Director Buford Ortale bought 1,046 FBRT shares at an average $17.25 each, spending about $18,044; the purchase increased his ownership by 48.72% to 3,193 shares.
- Franklin BSP Realty Trust reported a quarterly loss of $0.02 per share, missing analyst expectations of $0.25 in earnings, while revenue of $22.11 million fell short of the $72.54 million estimate.
- The company paid a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80. Analysts’ consensus rating was Hold, with an average price target of $10.75.
Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) Director Buford Ortale acquired 1,046 shares of the business's stock in a transaction dated Tuesday, November 3rd. The shares were bought at an average price of $17.25 per share, for a total transaction of $18,043.50. Following the acquisition, the director owned 3,193 shares of the company's stock, valued at approximately $55,079.25. This represents a 48.72% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Franklin BSP Realty Trust Stock Up 4.0%
FBRT stock opened at $6.44 on Thursday. The company has a quick ratio of 83.00, a current ratio of 83.00 and a debt-to-equity ratio of 3.60. Franklin BSP Realty Trust, Inc. has a 52 week low of $5.90 and a 52 week high of $10.82. The stock has a market capitalization of $487.09 million, a PE ratio of 15.48 and a beta of 1.10. The firm has a 50 day moving average of $7.00 and a 200 day moving average of $8.31.
Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.27). Franklin BSP Realty Trust had a return on equity of 4.30% and a net margin of 6.38%. The company had revenue of $22.11 million during the quarter, compared to analysts' expectations of $72.54 million. Sell-side analysts forecast that Franklin BSP Realty Trust, Inc. will post 0.73 earnings per share for the current year.
Franklin BSP Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Franklin BSP Realty Trust's dividend payout ratio is presently -1,000.00%.
Institutional Trading of Franklin BSP Realty Trust
Institutional investors and hedge funds have recently bought and sold shares of the business. Independent Financial Group LLC purchased a new stake in shares of Franklin BSP Realty Trust in the 1st quarter valued at $1,117,000. Gamco Investors INC. ET AL increased its stake in shares of 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 worth $1,604,000 after acquiring an additional 73,955 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter worth $564,000. Q Global Advisors LLC raised its holdings in shares of Franklin BSP Realty Trust by 32.1% during the first quarter. Q Global Advisors LLC now owns 398,078 shares of the company's stock worth $3,380,000 after purchasing an additional 96,723 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Franklin BSP Realty Trust by 15.5% during the first quarter. PNC Financial Services Group Inc. now owns 11,054 shares of the company's stock worth $94,000 after purchasing an additional 1,480 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. BTIG Research lowered Franklin BSP Realty Trust from a "buy" rating to a "neutral" rating in a research note on Friday, September 18th. B. Riley Financial dropped their price target on Franklin BSP Realty Trust from $13.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday. Zacks Research lowered Franklin BSP Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 28th. UBS Group set a $10.00 price objective on Franklin BSP Realty Trust in a report on Wednesday, September 23rd. Finally, JonesTrading restated a "buy" rating and issued a $12.00 price objective on shares of Franklin BSP Realty Trust in a research note on Friday, September 11th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $10.75.
Read Our Latest Report on Franklin BSP Realty Trust
About Franklin BSP Realty Trust
(
Get Free Report)
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.
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