Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report)‘s stock had its “buy” rating reaffirmed by JonesTrading in a research report issued on Friday, Benzinga reports. They currently have a $12.00 target price on the stock. JonesTrading’s target price would indicate a potential upside of 56.41% from the company’s current price.
A number of other analysts have also commented on the company. Citizens Jmp reissued a “market outperform” rating and issued a $11.00 target price on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Weiss Ratings raised Franklin BSP Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Finally, Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Franklin BSP Realty Trust has a consensus rating of “Hold” and a consensus price target of $11.50.
Read Our Latest Analysis on FBRT
Franklin BSP Realty Trust Trading Down 4.1%
Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $65.29 million during the quarter, compared to analyst estimates of $80.98 million. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. On average, equities research analysts forecast that Franklin BSP Realty Trust will post 0.73 earnings per share for the current fiscal year.
Insider Buying and Selling at Franklin BSP Realty Trust
In other Franklin BSP Realty Trust news, Director Buford Ortale acquired 29,597 shares of the stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $9.85 per share, for a total transaction of $291,530.45. Following the purchase, the director directly owned 28,900 shares of the company’s stock, valued at approximately $284,665. This trade represents a -4,246.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in 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 worth $502,000 after purchasing an additional 1,378 shares during the period. Jones Financial Companies Lllp bought a new stake in Franklin BSP Realty Trust during the first quarter valued at about $89,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Franklin BSP Realty Trust by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 153,474 shares of the company’s stock valued at $1,955,000 after purchasing an additional 4,391 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Franklin BSP Realty Trust in the second quarter worth about $363,000. Finally, Cresset Asset Management LLC increased its position in Franklin BSP Realty Trust by 92.6% in the second quarter. Cresset Asset Management LLC now owns 20,131 shares of the company’s stock worth $222,000 after buying an additional 9,680 shares in the last quarter. Hedge funds and other institutional investors 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.
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