Franklin BSP Realty Trust (NYSE:FBRT) Sets New 52-Week Low – Time to Sell?

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) shares reached a new 52-week low on Thursday . The company traded as low as $8.21 and last traded at $8.2240, with a volume of 1401306 shares traded. The stock had previously closed at $8.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FBRT shares. Weiss Ratings lowered shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 2nd. Wall Street Zen raised shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Citizens Jmp reduced their target price on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating on the stock in a report on Thursday, April 16th. Zacks Research lowered shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Franklin BSP Realty Trust has an average rating of “Hold” and a consensus price target of $11.50.

Franklin BSP Realty Trust Stock Performance

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 stock’s 50 day moving average price is $8.77 and its 200 day moving average price is $9.46. The company has a market capitalization of $632.94 million, a P/E ratio of 16.13 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last released its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share (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 company had revenue of $74.38 million for the quarter, compared to analyst estimates of $73.09 million. As a group, equities analysts expect that Franklin BSP Realty Trust, Inc. will post 0.72 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FBRT. Assetmark Inc. acquired a new position in shares of Franklin BSP Realty Trust during the 4th quarter valued at $40,000. Arlington Trust Co LLC acquired a new position in shares of Franklin BSP Realty Trust during the 4th quarter valued at $40,000. Kemnay Advisory Services Inc. acquired a new position in shares of Franklin BSP Realty Trust during the 4th quarter valued at $44,000. Danske Bank A S acquired a new position in Franklin BSP Realty Trust during the third quarter worth $45,000. Finally, Bessemer Group Inc. raised its holdings in Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock worth $46,000 after buying an additional 2,684 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

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.