Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives Consensus Recommendation of “Hold” from Analysts

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has received a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.50.

Several equities research analysts have recently weighed in on the company. JonesTrading decreased their price objective on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Weiss Ratings downgraded Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Zacks Research lowered shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. 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. Finally, Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th.

Hedge Funds Weigh In On Franklin BSP Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ipsen Advisor Group LLC purchased a new position in Franklin BSP Realty Trust in the 1st quarter valued at $88,000. Bank of America Corp DE grew its position in Franklin BSP Realty Trust by 50.6% in the 1st quarter. Bank of America Corp DE now owns 125,027 shares of the company’s stock valued at $1,061,000 after buying an additional 41,992 shares during the last quarter. Quantinno Capital Management LP grew its position in Franklin BSP Realty Trust by 162.1% in the 1st quarter. Quantinno Capital Management LP now owns 43,029 shares of the company’s stock valued at $365,000 after buying an additional 26,611 shares during the last quarter. Q Global Advisors LLC grew its position in Franklin BSP Realty Trust by 32.1% in the 1st quarter. Q Global Advisors LLC now owns 398,078 shares of the company’s stock valued at $3,380,000 after buying an additional 96,723 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new position in Franklin BSP Realty Trust in the 1st quarter valued at $255,000. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Price Performance

FBRT stock opened at $8.55 on Friday. The company has a market capitalization of $658.24 million, a P/E ratio of 16.77 and a beta of 0.92. Franklin BSP Realty Trust has a twelve month low of $8.24 and a twelve month high of $11.84. The business has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $9.50. 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 posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.09 earnings per share 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 net margin of 24.26% and a return on equity of 6.46%. As a group, equities analysts anticipate that Franklin BSP Realty Trust will post 0.72 EPS for the current year.

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.