Franklin BSP Realty Trust, Inc. $FBRT Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,663,783 shares of the company’s stock after selling 131,878 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Franklin BSP Realty Trust worth $86,898,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Franklin BSP Realty Trust by 7.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,207 shares of the company’s stock valued at $11,318,000 after purchasing an additional 70,645 shares in the last quarter. UBS Group AG grew its stake in shares of Franklin BSP Realty Trust by 24.0% during the third quarter. UBS Group AG now owns 873,047 shares of the company’s stock valued at $9,481,000 after acquiring an additional 168,993 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Franklin BSP Realty Trust by 3.2% during the third quarter. Van ECK Associates Corp now owns 705,017 shares of the company’s stock valued at $7,656,000 after acquiring an additional 22,149 shares in the last quarter. Condor Capital Management grew its stake in shares of Franklin BSP Realty Trust by 9.3% during the third quarter. Condor Capital Management now owns 472,902 shares of the company’s stock valued at $5,136,000 after acquiring an additional 40,373 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Franklin BSP Realty Trust by 24.7% during the third quarter. Gabelli Funds LLC now owns 467,500 shares of the company’s stock valued at $5,077,000 after acquiring an additional 92,500 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT stock opened at $9.02 on Thursday. The company has a debt-to-equity ratio of 3.74, a quick ratio of 90.06 and a current ratio of 90.06. Franklin BSP Realty Trust, Inc. has a one year low of $8.24 and a one year high of $11.84. The company’s 50-day simple moving average is $8.91 and its 200-day simple moving average is $9.67. The stock has a market capitalization of $693.79 million, a price-to-earnings ratio of 17.68 and a beta of 0.94.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%.The company had revenue of $74.38 million for the quarter, compared to the consensus estimate of $73.09 million. Equities analysts anticipate that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on FBRT shares. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Weiss Ratings downgraded Franklin BSP Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Citizens Jmp lowered their target price on Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 16th. Wall Street Zen upgraded Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, JonesTrading lowered their target price on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.50.

About Franklin BSP Realty Trust

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.