Brokerages Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) PT at $11.50

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been given a consensus rating of “Hold” by the five research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $11.50.

A number of research firms recently issued reports on FBRT. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. JonesTrading lowered their price target on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. 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, Weiss Ratings downgraded Franklin BSP Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $9.02 on Monday. The stock has a market capitalization of $693.87 million, a price-to-earnings ratio of 17.68 and a beta of 0.94. Franklin BSP Realty Trust has a 12 month low of $8.24 and a 12 month high of $11.84. The firm has a fifty day simple moving average of $8.90 and a 200 day simple moving average of $9.66. The company has a current ratio of 90.06, a quick ratio of 90.06 and a debt-to-equity ratio of 3.74.

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 business had revenue of $74.38 million for the quarter, compared to the consensus estimate of $73.09 million. Research analysts forecast that Franklin BSP Realty Trust will post 0.72 EPS for the current fiscal year.

Institutional Trading of Franklin BSP Realty Trust

A number of large investors have recently added to or reduced their stakes in FBRT. Assetmark Inc. bought a new position in shares of Franklin BSP Realty Trust in the 4th quarter valued at about $40,000. Arlington Trust Co LLC acquired a new stake in Franklin BSP Realty Trust in the 4th quarter valued at about $40,000. Kemnay Advisory Services Inc. bought a new position in Franklin BSP Realty Trust during the fourth quarter worth about $44,000. Danske Bank A S bought a new position in Franklin BSP Realty Trust during the third quarter worth about $45,000. Finally, Bessemer Group Inc. increased its position in Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock worth $46,000 after buying an additional 2,684 shares during the last quarter. Institutional investors and hedge funds 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.