Franklin BSP Realty Trust (NYSE:FBRT) Reaches New 1-Year Low – Here’s Why

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) hit a new 52-week low during trading on Monday . The company traded as low as $11.97 and last traded at $12.05, with a volume of 42883 shares. The stock had previously closed at $12.06.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FBRT. B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Raymond James increased their price objective on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Finally, Janney Montgomery Scott assumed coverage on Franklin BSP Realty Trust in a research note on Thursday, December 12th. They issued a “buy” rating and a $16.00 target price on the stock. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $15.50.

Franklin BSP Realty Trust Stock Performance

The stock has a fifty day moving average price of $12.85 and a 200-day moving average price of $12.99. The firm has a market capitalization of $984.55 million, a price-to-earnings ratio of 14.67 and a beta of 1.39. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67.

Franklin BSP Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.80%. Franklin BSP Realty Trust’s dividend payout ratio is 173.17%.

Institutional Trading of Franklin BSP Realty Trust

Several hedge funds have recently modified their holdings of FBRT. FMR LLC boosted its stake in Franklin BSP Realty Trust by 42.9% in the third quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after acquiring an additional 787 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Franklin BSP Realty Trust in the 2nd quarter worth $41,000. KBC Group NV boosted its position in shares of Franklin BSP Realty Trust by 51.6% in the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after purchasing an additional 1,588 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Franklin BSP Realty Trust during the third quarter worth $168,000. Finally, Concorde Asset Management LLC bought a new stake in Franklin BSP Realty Trust in the second quarter valued at about $187,000. 59.87% of the stock is owned by institutional investors.

About Franklin BSP Realty Trust

Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the government-sponsored enterprises (GSEs)), or by an agency of the federal government, Government National Mortgage Association (Ginnie Mae).