RPS Advisory Solutions LLC Sells 134,307 Shares of Franklin BSP Realty Trust, Inc. $FBRT

RPS Advisory Solutions LLC trimmed its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 85.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,594 shares of the company’s stock after selling 134,307 shares during the quarter. RPS Advisory Solutions LLC’s holdings in Franklin BSP Realty Trust were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter valued at $40,000. Arlington Trust Co LLC bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter valued at $40,000. Danske Bank A S purchased a new position in Franklin BSP Realty Trust during the third quarter worth about $45,000. State of Wyoming purchased a new position in Franklin BSP Realty Trust during the second quarter worth about $47,000. Finally, Tower Research Capital LLC TRC grew its position in Franklin BSP Realty Trust by 39.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock worth $61,000 after buying an additional 1,617 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

Franklin BSP Realty Trust Price Performance

FBRT opened at $8.99 on Wednesday. The stock has a 50-day moving average price of $8.88 and a 200-day moving average price of $9.63. Franklin BSP Realty Trust, Inc. has a 12-month low of $8.24 and a 12-month high of $11.84. The company has a current ratio of 90.06, a quick ratio of 90.06 and a debt-to-equity ratio of 3.74. The stock has a market capitalization of $692.10 million, a P/E ratio of 17.63 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on FBRT. Citizens Jmp reduced their target price on Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research report on Thursday, April 16th. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. JonesTrading reduced their target price on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Wall Street Zen upgraded Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research cut Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company 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.