Franklin BSP Realty Trust (NYSE:FBRT) Receives “Market Outperform” Rating from Citizens Jmp

Franklin BSP Realty Trust (NYSE:FBRT)‘s stock had its “market outperform” rating reaffirmed by investment analysts at Citizens Jmp in a research report issued on Monday,Benzinga reports. They presently have a $11.00 price objective on the stock. Citizens Jmp’s target price indicates a potential upside of 36.73% from the company’s current price.

Several other equities analysts also recently commented on the company. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Weiss Ratings lowered Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research cut Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT stock opened at $8.04 on Monday. The company has a market capitalization of $619.14 million, a price-to-earnings ratio of 15.77 and a beta of 0.92. The company has a debt-to-equity ratio of 3.74, a quick ratio of 90.06 and a current ratio of 90.06. The company has a 50-day simple moving average of $8.60 and a 200 day simple moving average of $9.19. Franklin BSP Realty Trust has a 52 week low of $7.89 and a 52 week high of $11.84.

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). The company had revenue of $74.38 million during the quarter, compared to analyst estimates 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, sell-side analysts predict that Franklin BSP Realty Trust will post 0.72 earnings per share for the current year.

Insider Activity at Franklin BSP Realty Trust

In other Franklin BSP Realty Trust news, Director Buford H. Ortale purchased 29,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was bought at an average cost of $9.85 per share, for a total transaction of $291,530.45. Following the completion of the transaction, the director owned 28,900 shares in the company, valued at approximately $284,665. This represents a -4,246.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in Franklin BSP Realty Trust by 16.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock valued at $96,000 after acquiring an additional 1,366 shares in the last quarter. Royal Bank of Canada raised its stake in Franklin BSP Realty Trust by 3.6% in the first quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock valued at $502,000 after purchasing an additional 1,378 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Franklin BSP Realty Trust by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock valued at $319,000 after purchasing an additional 1,391 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Franklin BSP Realty Trust by 39.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock worth $61,000 after purchasing an additional 1,617 shares during the period. Finally, Brookstone Capital Management lifted its position in Franklin BSP Realty Trust by 12.4% during the fourth quarter. Brookstone Capital Management now owns 15,196 shares of the company’s stock worth $152,000 after purchasing an additional 1,680 shares during the period. 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.