Franklin BSP Realty Trust (NYSE:FBRT) Upgraded at Wall Street Zen

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

Several other analysts have also weighed in on FBRT. JonesTrading lowered their target price on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Franklin BSP Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT opened at $9.35 on Friday. The business has a 50 day moving average price of $9.81 and a 200 day moving average price of $10.42. The company has a market capitalization of $757.07 million, a P/E ratio of 14.61 and a beta of 0.99. Franklin BSP Realty Trust has a 1-year low of $8.42 and a 1-year high of $13.56. The company has a debt-to-equity ratio of 3.33, a current ratio of 70.78 and a quick ratio of 70.78.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several hedge funds have recently made changes to their positions in FBRT. Arlington Trust Co LLC purchased a new stake in shares of Franklin BSP Realty Trust in the fourth quarter valued at $40,000. Assetmark Inc. acquired a new stake in Franklin BSP Realty Trust in the 4th quarter worth about $40,000. Danske Bank A S purchased a new stake in Franklin BSP Realty Trust in the 3rd quarter valued at about $45,000. Transce3nd LLC purchased a new stake in Franklin BSP Realty Trust in the 2nd quarter valued at about $46,000. Finally, State of Wyoming acquired a new position in shares of Franklin BSP Realty Trust during the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

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.