Wall Street Zen Upgrades Franklin BSP Realty Trust (NYSE:FBRT) to “Hold”

Franklin BSP Realty Trust (NYSE:FBRT) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts also recently weighed in on FBRT. Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, January 22nd. Finally, JonesTrading dropped their price objective on shares of Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.50.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock opened at $9.35 on Friday. The company has a current ratio of 70.78, a quick ratio of 70.78 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $757.03 million, a P/E ratio of 14.61 and a beta of 0.99. The business has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $10.41. Franklin BSP Realty Trust has a 12 month low of $8.42 and a 12 month high of $13.56.

Institutional Trading of Franklin BSP Realty Trust

Hedge funds have recently bought and sold shares of the stock. Bailard Inc. purchased a new stake in shares of Franklin BSP Realty Trust in the third quarter worth about $576,000. Gratia Capital LLC boosted its holdings in shares of Franklin BSP Realty Trust by 42.1% in the 2nd quarter. Gratia Capital LLC now owns 817,837 shares of the company’s stock worth $8,743,000 after purchasing an additional 242,395 shares during the period. Condor Capital Management increased its position in shares of Franklin BSP Realty Trust by 30.4% during the 2nd quarter. Condor Capital Management now owns 432,529 shares of the company’s stock valued at $4,624,000 after purchasing an additional 100,961 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Franklin BSP Realty Trust during the 3rd quarter valued at approximately $751,000. Finally, Geode Capital Management LLC raised its holdings in Franklin BSP Realty Trust by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,001,039 shares of the company’s stock valued at $21,394,000 after buying an additional 12,252 shares during the period. Institutional investors own 59.87% of the company’s stock.

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.