Franklin BSP Realty Trust (NYSE:FBRT) Stock Rating Lowered by Wall Street Zen

Franklin BSP Realty Trust (NYSE:FBRT) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued reports about the company. JonesTrading cut 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Thursday, January 22nd. Finally, Zacks Research raised Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT opened at $9.13 on Friday. The firm has a 50-day moving average price of $10.07 and a two-hundred day moving average price of $10.54. Franklin BSP Realty Trust has a 12-month low of $8.42 and a 12-month high of $13.58. The company has a market capitalization of $744.69 million, a P/E ratio of 14.26 and a beta of 0.98. The company has a quick ratio of 67.81, a current ratio of 70.78 and a debt-to-equity ratio of 3.33.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in Franklin BSP Realty Trust by 126.7% in the 2nd quarter. CWM LLC now owns 2,428 shares of the company’s stock valued at $26,000 after purchasing an additional 1,357 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Franklin BSP Realty Trust during the fourth quarter worth $40,000. Arlington Trust Co LLC acquired a new stake in shares of Franklin BSP Realty Trust during the 4th quarter valued at $40,000. Kemnay Advisory Services Inc. acquired a new position in Franklin BSP Realty Trust in the 4th quarter worth about $44,000. Finally, Danske Bank A S bought a new position in Franklin BSP Realty Trust in the third quarter valued at about $45,000. 59.87% of the stock is owned by institutional investors.

About Franklin BSP Realty Trust

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.