Franklin BSP Realty Trust, Inc. $FBRT Shares Sold by Condor Capital Management

Condor Capital Management decreased its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,859 shares of the company’s stock after selling 128,043 shares during the period. Condor Capital Management owned 0.42% of Franklin BSP Realty Trust worth $3,459,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Franklin BSP Realty Trust by 7.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,207 shares of the company’s stock valued at $11,318,000 after purchasing an additional 70,645 shares during the period. UBS Group AG lifted its holdings in shares of Franklin BSP Realty Trust by 24.0% in the third 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. Van ECK Associates Corp boosted its stake in Franklin BSP Realty Trust by 3.2% during the third quarter. Van ECK Associates Corp now owns 705,017 shares of the company’s stock valued at $7,656,000 after buying an additional 22,149 shares in the last quarter. Gabelli Funds LLC boosted its stake in Franklin BSP Realty Trust by 5.3% during the fourth quarter. Gabelli Funds LLC now owns 492,500 shares of the company’s stock valued at $4,940,000 after buying an additional 25,000 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Franklin BSP Realty Trust during the second quarter worth about $4,237,000. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $8.50 on Friday. 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, Inc. has a 1 year low of $8.24 and a 1 year high of $11.84. The company has a market cap of $653.78 million, a PE ratio of 16.66 and a beta of 0.94. The stock’s 50-day moving average price is $8.85 and its two-hundred day moving average price is $9.60.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its 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). The firm had revenue of $74.38 million during the quarter, compared to analyst estimates of $73.09 million. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%. On average, analysts predict that Franklin BSP Realty Trust, Inc. will post 0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JonesTrading dropped their price target on shares of 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 shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Citizens Jmp cut their target price on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Franklin BSP Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.50.

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.