Franklin BSP Realty Trust (NYSE:FBRT) Hits New 12-Month Low – Should You Sell?

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) reached a new 52-week low during trading on Monday . The stock 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 Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Raymond James boosted their price objective on shares of 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. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Janney Montgomery Scott assumed coverage on Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $15.50.

Franklin BSP Realty Trust Stock Up 2.1 %

The company’s fifty day simple moving average is $12.82 and its 200 day simple moving average is $12.98. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $1.01 billion, a PE ratio of 15.10 and a beta of 1.39.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.47%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 173.17%.

Institutional Trading of Franklin BSP Realty Trust

A number of hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in Franklin BSP Realty Trust by 42.9% during the 3rd 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 period. Cetera Investment Advisers boosted its position in shares of Franklin BSP Realty Trust by 0.9% in the 2nd quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock worth $1,674,000 after purchasing an additional 1,236 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Franklin BSP Realty Trust by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 19,639 shares of the company’s stock worth $256,000 after purchasing an additional 1,381 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Franklin BSP Realty Trust by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock worth $515,000 after buying an additional 1,518 shares during the last quarter. Finally, KBC Group NV increased its position in Franklin BSP Realty Trust by 51.6% during the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after buying an additional 1,588 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

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).