Franklin BSP Realty Trust (NYSE:FBRT) Stock Gets Downgrade from 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 research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Zacks Research lowered Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 28th. UBS Group set a $10.00 target price on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. BTIG Research cut shares of Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a report on Friday, September 18th. B. Riley Financial reduced their price target on shares of Franklin BSP Realty Trust from $13.00 to $10.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Finally, Weiss Ratings downgraded shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Franklin BSP Realty Trust presently has an average rating of “Hold” and an average target price of $10.75.

Franklin BSP Realty Trust Stock Performance

FBRT stock opened at $6.20 on Friday. The stock has a 50-day moving average price of $6.91 and a 200-day moving average price of $8.26. Franklin BSP Realty Trust has a 1-year low of $5.90 and a 1-year high of $10.82. The company has a current ratio of 83.00, a quick ratio of 83.00 and a debt-to-equity ratio of 3.60. The firm has a market cap of $469.40 million, a PE ratio of -77.53 and a beta of 1.10.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings data on Wednesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.27). Franklin BSP Realty Trust had a net margin of 6.38% and a return on equity of 4.30%. The business had revenue of $22.11 million during the quarter, compared to analyst estimates of $72.54 million. As a group, equities research analysts expect that Franklin BSP Realty Trust will post 0.73 earnings per share for the current year.

Insider Activity

In other news, CEO Richard J. Byrne bought 162,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average cost of $6.14 per share, for a total transaction of $998,364.00. Following the acquisition, the chief executive officer directly owned 162,600 shares in the company, valued at approximately $998,364. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 164,664 shares of company stock valued at $1,024,104. 1.30% of the stock is owned by company insiders.

Institutional Trading of Franklin BSP Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of FBRT. PNC Financial Services Group Inc. raised its holdings in shares of Franklin BSP Realty Trust by 15.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,054 shares of the company’s stock worth $94,000 after acquiring an additional 1,480 shares during the last quarter. Concorde Asset Management LLC boosted its stake in Franklin BSP Realty Trust by 10.5% during the 2nd quarter. Concorde Asset Management LLC now owns 16,900 shares of the company’s stock valued at $141,000 after purchasing an additional 1,600 shares during the last quarter. Bessemer Group Inc. boosted its stake in Franklin BSP Realty Trust by 96.3% during the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock valued at $46,000 after purchasing an additional 2,684 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Franklin BSP Realty Trust by 42.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 16,553 shares of the company’s stock valued at $141,000 after purchasing an additional 4,946 shares during the last quarter. Finally, KBC Group NV bought a new stake in Franklin BSP Realty Trust during the 1st quarter worth approximately $47,000. Institutional investors own 59.87% of the company’s stock.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a diversified portfolio of commercial real estate debt investments, with an emphasis on loans secured by properties in the United States.

Its investment activities primarily include senior mortgage loans, subordinate and mezzanine loans, preferred equity investments and other debt-related instruments. The portfolio is designed to provide financing to owners and operators of commercial properties across sectors such as multifamily, office, industrial, retail, hospitality and other specialty real estate.

Franklin BSP Realty Trust was formerly known as Benefit Street Partners Realty Trust and operates under the Franklin BSP platform.