Franklin BSP Realty Trust (NYSE:FBRT) Reaches New 12-Month Low – Here’s Why

Franklin BSP Realty Trust, Inc. (NYSE:FBRT)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $8.19 and last traded at $8.2050, with a volume of 179206 shares trading hands. The stock had previously closed at $8.42.

Analysts Set New Price Targets

FBRT has been the topic of several research reports. Weiss Ratings downgraded Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, JonesTrading decreased their target price on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Franklin BSP Realty Trust currently has an average rating of “Hold” and a consensus price target of $11.50.

Franklin BSP Realty Trust Trading Down 1.8%

The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74. The firm has a market capitalization of $636.07 million, a P/E ratio of 16.23 and a beta of 0.92. The firm has a 50 day moving average of $8.75 and a 200-day moving average of $9.41.

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

Institutional Investors Weigh In On Franklin BSP Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in Franklin BSP Realty Trust by 65,059.1% during the fourth quarter. Farther Finance Advisors LLC now owns 71,675 shares of the company’s stock worth $719,000 after purchasing an additional 71,565 shares during the last quarter. Jennison Associates LLC bought a new stake in Franklin BSP Realty Trust during the fourth quarter worth $1,012,000. Gabelli Funds LLC lifted its stake in Franklin BSP Realty Trust by 24.7% during the third quarter. Gabelli Funds LLC now owns 467,500 shares of the company’s stock worth $5,077,000 after purchasing an additional 92,500 shares during the last quarter. Rhumbline Advisers lifted its stake in Franklin BSP Realty Trust by 1.8% during the third quarter. Rhumbline Advisers now owns 242,382 shares of the company’s stock worth $2,632,000 after purchasing an additional 4,217 shares during the last quarter. Finally, Condor Capital Management lifted its stake in Franklin BSP Realty Trust by 9.3% during the third quarter. Condor Capital Management now owns 472,902 shares of the company’s stock worth $5,136,000 after purchasing an additional 40,373 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors.

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.