JonesTrading Issues Pessimistic Forecast for Franklin BSP Realty Trust (NYSE:FBRT) Stock Price

Franklin BSP Realty Trust (NYSE:FBRT) had its target price lowered by research analysts at JonesTrading from $13.00 to $12.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. JonesTrading’s price objective suggests a potential upside of 38.20% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Franklin BSP Realty Trust Trading Down 2.2%

Shares of Franklin BSP Realty Trust stock opened at $8.68 on Tuesday. The company has a debt-to-equity ratio of 3.33, a current ratio of 70.78 and a quick ratio of 67.81. The business has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $10.56. Franklin BSP Realty Trust has a 1 year low of $8.42 and a 1 year high of $13.58. The company has a market capitalization of $708.62 million, a price-to-earnings ratio of 13.57 and a beta of 0.98.

Hedge Funds Weigh In On Franklin BSP Realty Trust

A number of hedge funds have recently added to or reduced their stakes in FBRT. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 12,252 shares during the period. Strong Tower Advisory Services raised its stake in Franklin BSP Realty Trust by 2.4% in the third quarter. Strong Tower Advisory Services now owns 1,442,728 shares of the company’s stock valued at $15,668,000 after purchasing an additional 34,102 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Franklin BSP Realty Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,256,179 shares of the company’s stock worth $12,599,000 after purchasing an additional 59,424 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Franklin BSP Realty Trust by 7.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,207 shares of the company’s stock worth $11,318,000 after buying an additional 70,645 shares in the last quarter. Finally, UBS Group AG increased its holdings in Franklin BSP Realty Trust by 24.0% in the 3rd quarter. UBS Group AG now owns 873,047 shares of the company’s stock valued at $9,481,000 after buying an additional 168,993 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.