Franklin BSP Realty Trust (NYSE:FBRT) Lowered to Sell Rating by Wall Street Zen

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

A number of other research firms also recently weighed in on FBRT. JonesTrading decreased their target price on shares of Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Three investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

Franklin BSP Realty Trust Trading Up 2.8%

Shares of FBRT stock opened at $9.13 on Friday. Franklin BSP Realty Trust has a 1-year low of $8.42 and a 1-year high of $13.58. The company has a current ratio of 70.78, a quick ratio of 67.81 and a debt-to-equity ratio of 3.33. The stock has a market cap of $744.69 million, a price-to-earnings ratio of 14.26 and a beta of 0.98. The stock has a 50-day moving average of $10.07 and a 200-day moving average of $10.54.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Large investors have recently bought and sold shares of the stock. Bailard Inc. acquired a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter worth about $576,000. Y Intercept Hong Kong Ltd increased its holdings in Franklin BSP Realty Trust by 292.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 61,510 shares of the company’s stock worth $658,000 after purchasing an additional 45,832 shares in the last quarter. RPS Advisory Solutions LLC raised its stake in shares of Franklin BSP Realty Trust by 111.5% in the second quarter. RPS Advisory Solutions LLC now owns 166,615 shares of the company’s stock worth $1,781,000 after purchasing an additional 87,853 shares during the last quarter. Gratia Capital LLC lifted its holdings in shares of Franklin BSP Realty Trust by 42.1% in the second quarter. Gratia Capital LLC now owns 817,837 shares of the company’s stock valued at $8,743,000 after purchasing an additional 242,395 shares in the last quarter. Finally, Condor Capital Management lifted its holdings in shares of Franklin BSP Realty Trust by 30.4% in the second 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 in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

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.