Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock 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.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Zacks Research cut Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Finally, JonesTrading reduced their price objective on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and two have 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 a consensus target price of $11.50.
Read Our Latest Research Report on Franklin BSP Realty Trust
Franklin BSP Realty Trust Stock Performance
Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share 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 business had revenue of $74.38 million during the quarter, compared to analyst estimates of $73.09 million. As a group, analysts anticipate that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current year.
Institutional Trading of Franklin BSP Realty Trust
Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new stake in Franklin BSP Realty Trust in the fourth quarter valued at $40,000. Arlington Trust Co LLC acquired a new stake in Franklin BSP Realty Trust in the fourth quarter valued at $40,000. Kemnay Advisory Services Inc. acquired a new stake in Franklin BSP Realty Trust in the fourth quarter valued at $44,000. Danske Bank A S acquired a new stake in Franklin BSP Realty Trust in the third quarter valued at $45,000. Finally, Bessemer Group Inc. increased its position in shares of 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 purchasing an additional 2,684 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.
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.
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