Franklin BSP Realty Trust (NYSE:FBRT) Cut to “Strong Sell” at Zacks Research

Franklin BSP Realty Trust (NYSE:FBRT) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.00.

Franklin BSP Realty Trust Stock Up 2.2%

Shares of NYSE:FBRT opened at $10.27 on Wednesday. The company has a market capitalization of $837.73 million, a PE ratio of 12.83 and a beta of 0.99. The company has a debt-to-equity ratio of 3.32, a quick ratio of 67.81 and a current ratio of 67.81. The company’s fifty day moving average is $10.25 and its 200-day moving average is $10.68. Franklin BSP Realty Trust has a 52 week low of $9.65 and a 52 week high of $13.58.

Institutional Trading of Franklin BSP Realty Trust

Several hedge funds have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Franklin BSP Realty Trust by 6.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,108 shares of the company’s stock worth $226,000 after buying an additional 1,229 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in Franklin BSP Realty Trust by 7.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 17,766 shares of the company’s stock worth $190,000 after buying an additional 1,259 shares in the last quarter. CWM LLC increased its holdings 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 buying an additional 1,357 shares during the period. Royal Bank of Canada raised its position in shares of Franklin BSP Realty Trust by 3.6% in the 1st quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock valued at $502,000 after buying an additional 1,378 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Franklin BSP Realty Trust by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock worth $319,000 after acquiring an additional 1,391 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

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.