Condor Capital Management Has $3.46 Million Stock Holdings in Franklin BSP Realty Trust, Inc. $FBRT

Condor Capital Management trimmed its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,859 shares of the company’s stock after selling 128,043 shares during the period. Condor Capital Management’s holdings in Franklin BSP Realty Trust were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Franklin BSP Realty Trust by 3.6% during the 1st quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock worth $502,000 after acquiring an additional 1,378 shares during the period. Jones Financial Companies Lllp purchased a new position in Franklin BSP Realty Trust during the 1st quarter valued at about $89,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Franklin BSP Realty Trust by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 153,474 shares of the company’s stock valued at $1,955,000 after purchasing an additional 4,391 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Franklin BSP Realty Trust in the second quarter worth approximately $363,000. Finally, Cresset Asset Management LLC lifted its position in shares of Franklin BSP Realty Trust by 92.6% in the second quarter. Cresset Asset Management LLC now owns 20,131 shares of the company’s stock worth $222,000 after purchasing an additional 9,680 shares in the last quarter. 59.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FBRT shares. Citizens Jmp lowered their price objective on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 16th. JonesTrading cut their target price on shares of 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 raised shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research cut shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Franklin BSP Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.50.

Franklin BSP Realty Trust Stock Down 2.7%

Franklin BSP Realty Trust stock opened at $8.50 on Friday. 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, Inc. has a 1-year low of $8.24 and a 1-year high of $11.84. The firm’s fifty day simple moving average is $8.85 and its 200-day simple moving average is $9.60. The company has a market capitalization of $653.78 million, a P/E ratio of 16.66 and a beta of 0.94.

Franklin BSP Realty Trust (NYSE:FBRT) last issued 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). The business had revenue of $74.38 million during the quarter, compared to the consensus estimate of $73.09 million. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%. Sell-side analysts forecast that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current fiscal 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.