Franklin BSP Realty Trust (NYSE:FBRT) Hits New 12-Month Low – Time to Sell?

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

Wall Street Analyst Weigh In

Several research firms have weighed in on FBRT. Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. JonesTrading dropped their price target on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Citizens Jmp dropped their price target on Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 16th. Finally, Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.50.

Franklin BSP Realty Trust Stock Down 1.8%

The company has a market capitalization of $636.07 million, a P/E ratio of 16.23 and a beta of 0.92. 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 50 day moving average price of $8.75 and a 200 day moving average price of $9.41.

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

Institutional Trading of Franklin BSP Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Point Credit Management LLC acquired a new stake in Franklin BSP Realty Trust during the 4th quarter worth about $8,381,000. Invesco Ltd. grew its holdings in Franklin BSP Realty Trust by 72.2% during the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company’s stock worth $18,349,000 after acquiring an additional 766,875 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Franklin BSP Realty Trust during the 2nd quarter worth about $4,237,000. UBS Group AG grew its holdings in Franklin BSP Realty Trust by 24.0% during the 3rd quarter. UBS Group AG now owns 873,047 shares of the company’s stock worth $9,481,000 after acquiring an additional 168,993 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in Franklin BSP Realty Trust during the 1st quarter worth about $1,117,000. 59.87% of the stock is currently owned by institutional investors and hedge funds.

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.