Franklin BSP Realty Trust (NYSE:FBRT) Stock Price Target Lowered at B. Riley Financial

Key Points

• B. Riley Financial lowered its price target for Franklin BSP Realty Trust from $13 to $10 while maintaining a “buy” rating, implying 64.8% upside from the stock’s previous close.
• FBRT shares recently traded at $6.07, near their 12-month low of $5.90, while analysts’ consensus rating is “Hold” with an average price target of $10.75.
• The company missed quarterly expectations, reporting a loss of $0.02 per share versus the projected $0.25 profit and revenue of $22.11 million versus estimates of $72.54 million.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) had its price objective decreased by B. Riley Financial from $13.00 to $10.00 in a report released on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley Financial's target price points to a potential upside of 64.80% from the stock's previous close.

A number of other analysts have also issued reports on the stock. Citigroup reissued a "market outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. BTIG Research lowered Franklin BSP Realty Trust from a "buy" rating to a "neutral" rating in a research note on Friday, September 18th. UBS Group set a $10.00 target price on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. Citizens Jmp reaffirmed a "market outperform" rating and issued a $11.00 price objective on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Finally, JonesTrading restated a "buy" rating and set a $12.00 price objective on shares of Franklin BSP Realty Trust in a research report on Friday, September 11th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $10.75.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock traded up $0.06 during mid-day trading on Monday, hitting $6.07. 261,928 shares of the stock were exchanged, compared to its average volume of 1,279,506. Franklin BSP Realty Trust has a 12 month low of $5.90 and a 12 month high of $10.82. The company has a debt-to-equity ratio of 3.60, a quick ratio of 83.00 and a current ratio of 83.00. The company has a 50-day simple moving average of $7.13 and a 200 day simple moving average of $8.36. The company has a market capitalization of $459.17 million, a P/E ratio of -75.93 and a beta of 1.10.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.27). Franklin BSP Realty Trust had a return on equity of 4.30% and a net margin of 6.38%. The business had revenue of $22.11 million during the quarter, compared to analysts' expectations of $72.54 million. Sell-side analysts anticipate that Franklin BSP Realty Trust will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several large investors have recently bought and sold shares of FBRT. Bessemer Group Inc. raised its holdings in Franklin BSP Realty Trust by 96.3% in the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company's stock valued at $46,000 after acquiring an additional 2,684 shares in the last quarter. KBC Group NV acquired a new stake in shares of Franklin BSP Realty Trust in the 1st quarter valued at $47,000. State of Wyoming acquired a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter valued at $54,000. Simplicity Wealth LLC acquired a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter valued at $68,000. Finally, Ipsen Advisor Group LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 1st quarter worth $88,000. Hedge funds and other institutional investors own 59.87% of the company's stock.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust NYSE: FBRT is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a diversified portfolio of commercial real estate debt investments, with an emphasis on loans secured by properties in the United States.

Its investment activities primarily include senior mortgage loans, subordinate and mezzanine loans, preferred equity investments and other debt-related instruments. The portfolio is designed to provide financing to owners and operators of commercial properties across sectors such as multifamily, office, industrial, retail, hospitality and other specialty real estate.

Franklin BSP Realty Trust was formerly known as Benefit Street Partners Realty Trust and operates under the Franklin BSP platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.