Franklin BSP Realty Trust (NYSE:FBRT) Receives Market Outperform Rating from Citizens Jmp

Franklin BSP Realty Trust (NYSE:FBRT)‘s stock had its “market outperform” rating reissued by equities researchers at Citizens Jmp in a report released on Monday,Benzinga reports. They currently have a $11.00 price target on the stock. Citizens Jmp’s price target points to a potential upside of 36.73% from the stock’s previous close.

FBRT has been the topic of a number of other research reports. Weiss Ratings lowered Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Zacks Research cut shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Finally, Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.50.

Franklin BSP Realty Trust Trading Down 0.3%

Shares of NYSE:FBRT opened at $8.04 on Monday. Franklin BSP Realty Trust has a 12 month low of $7.89 and a 12 month high of $11.84. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74. The company’s fifty day simple moving average is $8.60 and its 200 day simple moving average is $9.19. The firm has a market cap of $619.14 million, a price-to-earnings ratio of 15.77 and a beta of 0.92.

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

Insiders Place Their Bets

In related news, Director Buford H. Ortale purchased 29,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $9.85 per share, for a total transaction of $291,530.45. Following the completion of the purchase, the director directly owned 28,900 shares in the company, valued at $284,665. This trade represents a -4,246.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Franklin BSP Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in Franklin BSP Realty Trust by 72.2% in the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company’s stock valued at $18,349,000 after purchasing an additional 766,875 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Franklin BSP Realty Trust by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,256,179 shares of the company’s stock valued at $12,599,000 after buying an additional 59,424 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Franklin BSP Realty Trust by 7.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,207 shares of the company’s stock valued at $11,318,000 after buying an additional 70,645 shares during the last quarter. UBS Group AG boosted its stake in shares of Franklin BSP Realty Trust by 24.0% during the 3rd quarter. UBS Group AG now owns 873,047 shares of the company’s stock worth $9,481,000 after acquiring an additional 168,993 shares during the period. Finally, Eagle Point Credit Management LLC acquired a new position in shares of Franklin BSP Realty Trust during the 4th quarter worth approximately $8,381,000. 59.87% of the stock is owned by institutional investors.

Franklin BSP Realty Trust Company Profile

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.