Franklin BSP Realty Trust (NYSE:FBRT) Stock Gets Price Target Cut from B. Riley Financial

Franklin BSP Realty Trust (NYSE:FBRT) had its target price reduced by investment analysts at B. Riley Financial from $13.00 to $10.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s price objective points to a potential upside of 64.80% from the company’s current price.

Several other analysts also recently commented on FBRT. Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 28th. Weiss Ratings lowered Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Citizens Jmp restated a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a research note on Monday, July 6th. Citigroup reaffirmed a “market outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. Finally, UBS Group set a $10.00 price target on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.75.

Franklin BSP Realty Trust Stock Up 1.0%

Shares of NYSE FBRT traded up $0.06 during midday trading on Monday, hitting $6.07. 261,928 shares of the company’s stock were exchanged, compared to its average volume of 1,279,506. The firm’s fifty day simple moving average is $7.13 and its 200-day simple moving average is $8.36. The company has a market cap of $459.17 million, a PE ratio of -75.93 and a beta of 1.10. Franklin BSP Realty Trust has a twelve month low of $5.90 and a twelve month high of $10.82. The company has a debt-to-equity ratio of 3.60, a current ratio of 83.00 and a quick ratio of 83.00.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.27). The firm had revenue of $22.11 million for the quarter, compared to analysts’ expectations of $72.54 million. Franklin BSP Realty Trust had a return on equity of 4.30% and a net margin of 6.38%. Research analysts predict that Franklin BSP Realty Trust will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Large investors have recently made changes to their positions in the business. Bessemer Group Inc. raised its stake in shares of Franklin BSP Realty Trust by 96.3% in the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock valued at $46,000 after acquiring an additional 2,684 shares during the period. KBC Group NV purchased a new stake in Franklin BSP Realty Trust during the 1st quarter worth $47,000. State of Wyoming purchased a new stake in Franklin BSP Realty Trust during the 3rd quarter worth $54,000. Ipsen Advisor Group LLC acquired a new stake in Franklin BSP Realty Trust in the 1st quarter valued at $88,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 3rd quarter valued at about $68,000. Institutional investors and hedge funds 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.