Franklin BSP Realty Trust (NYSE:FBRT) Sets New 52-Week Low - What's Next?

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report)'s stock price 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 traded. The stock had previously closed at $12.06.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Raymond James raised 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 upgraded shares of Franklin BSP Realty Trust to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Janney Montgomery Scott initiated coverage on shares of Franklin BSP Realty Trust in a research note on Thursday, December 12th. They issued a "buy" rating and a $16.00 price target on the stock. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $15.50.

Franklin BSP Realty Trust Stock Up 0.6 %

The company has a market capitalization of $992.73 million, a price-to-earnings ratio of 14.79 and a beta of 1.39. The firm's 50 day moving average price is $12.85 and its two-hundred day moving average price is $12.99. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.355 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 annualized dividend and a dividend yield of 11.71%. Franklin BSP Realty Trust's dividend payout ratio is presently 173.17%.

Institutional Trading of Franklin BSP Realty Trust

Institutional investors have recently bought and sold shares of the business. FMR LLC increased 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 worth $34,000 after purchasing an additional 787 shares in the last quarter. Fairscale Capital LLC acquired a new position in Franklin BSP Realty Trust in the 2nd quarter valued at approximately $41,000. KBC Group NV increased its position in Franklin BSP Realty Trust by 51.6% in the 3rd quarter. KBC Group NV now owns 4,664 shares of the company's stock valued at $61,000 after acquiring an additional 1,588 shares during the period. Intech Investment Management LLC acquired a new position in Franklin BSP Realty Trust in the 3rd quarter valued at approximately $168,000. Finally, Concorde Asset Management LLC acquired a new position in Franklin BSP Realty Trust in the 2nd quarter valued at approximately $187,000. Institutional investors own 59.87% of the company's stock.

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).