Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives $11.50 Consensus Target Price from Analysts

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have received a consensus rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.50.

Several research firms have issued reports on FBRT. 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. JonesTrading lowered their price target on shares of 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. Citizens Jmp lowered their price target on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a report on Thursday, April 16th. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 2nd.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT opened at $8.22 on Friday. The company has a 50-day simple moving average of $8.76 and a two-hundred day simple moving average of $9.45. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74. Franklin BSP Realty Trust has a 12-month low of $8.21 and a 12-month high of $11.84. The firm has a market cap of $632.92 million, a price-to-earnings ratio of 16.13 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. The business had revenue of $74.38 million for the quarter, compared to analysts’ expectations of $73.09 million. On average, equities analysts forecast that Franklin BSP Realty Trust will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Point Credit Management LLC purchased a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $8,381,000. Invesco Ltd. lifted its stake in shares of Franklin BSP Realty Trust by 72.2% in the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company’s stock valued at $18,349,000 after purchasing an additional 766,875 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Franklin BSP Realty Trust in the 2nd quarter valued at approximately $4,237,000. UBS Group AG lifted its stake in shares of 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 purchasing an additional 168,993 shares during the period. Finally, Independent Financial Group LLC purchased a new position in shares of Franklin BSP Realty Trust in the 1st quarter valued at approximately $1,117,000. 59.87% of the stock is currently owned by institutional investors.

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.