Franklin BSP Realty Trust (NYSE:FBRT) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Franklin BSP Realty Trust to “strong sell” from “hold.” Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $11.00.
• FBRT shares opened at $6.17, down 2.8%, and remain below their 50-day and 200-day moving averages. The stock has traded between $5.90 and $10.82 over the past year.
• The company reported a third-quarter loss of $0.02 per share, missing the $0.25 consensus estimate, while revenue of $22.11 million fell well short of the $72.54 million estimate.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Wednesday, Zacks reports.

FBRT has been the topic of a number of other reports. Citigroup reaffirmed a "market outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. Citizens Jmp restated 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. Weiss Ratings lowered Franklin BSP Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, October 8th. JonesTrading reaffirmed a "buy" rating and set a $12.00 target price on shares of Franklin BSP Realty Trust in a research note on Friday, September 11th. Finally, UBS Group set a $10.00 target price on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Franklin BSP Realty Trust currently has an average rating of "Hold" and an average price target of $11.00.

Franklin BSP Realty Trust Stock Down 2.8%

Shares of Franklin BSP Realty Trust stock opened at $6.17 on Wednesday. The firm's 50 day moving average price is $7.17 and its 200-day moving average price is $8.38. The company has a quick ratio of 96.80, a current ratio of 96.80 and a debt-to-equity ratio of 3.47. Franklin BSP Realty Trust has a 52-week low of $5.90 and a 52-week high of $10.82. The company has a market cap of $511.94 million, a P/E ratio of 15.85 and a beta of 0.97.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its quarterly earnings results 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 net margin of 6.38% and a return on equity of 4.18%. The company had revenue of $22.11 million for the quarter, compared to analyst estimates of $72.54 million. On average, sell-side analysts predict that Franklin BSP Realty Trust will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Independent Financial Group LLC acquired a new position in Franklin BSP Realty Trust in the 1st quarter valued at $1,117,000. Q Global Advisors LLC lifted its stake in shares of Franklin BSP Realty Trust by 32.1% during the 1st quarter. Q Global Advisors LLC now owns 398,078 shares of the company's stock worth $3,380,000 after purchasing an additional 96,723 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Franklin BSP Realty Trust by 64.3% during the first quarter. Gamco Investors INC. ET AL now owns 188,917 shares of the company's stock worth $1,604,000 after purchasing an additional 73,955 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at $564,000. Finally, Gabelli Funds LLC grew its position in shares of Franklin BSP Realty Trust by 12.9% in the first quarter. Gabelli Funds LLC now owns 556,252 shares of the company's stock valued at $4,723,000 after purchasing an additional 63,752 shares during the period. 59.87% of the stock is owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust News Summary

Here are the key news stories impacting Franklin BSP Realty Trust this week:

• Positive Sentiment: Management highlighted a plan to repurchase up to $60 million of FBRT shares at $8.14 per share, a premium to the current trading level, which could support the stock and reduce shares outstanding. FBRT outlines focus on resolving legacy equity and repurchasing shares
• Positive Sentiment: The company’s strategy includes asset sales and addressing approximately $300 million of legacy equity, efforts that could improve the balance sheet, simplify the capital structure and potentially narrow the valuation discount. FBRT Q3 deep dive
• Neutral Sentiment: Management’s third-quarter earnings call focused on portfolio positioning, asset monetization and navigating broader commercial real-estate market headwinds. The success of these initiatives will depend on execution and the prices achieved in future transactions. FBRT Q3 2026 earnings call transcript
• Negative Sentiment: FBRT reported a third-quarter loss of $0.02 per share, well below the roughly $0.25–$0.26 analyst consensus and down from $0.22 per share a year earlier. Franklin BSP reports Q3 loss
• Negative Sentiment: Reported revenue of $22.11 million was substantially below the approximately $72.54 million consensus cited in market coverage, adding to concerns about earnings quality and near-term operating performance. FBRT reports third-quarter earnings results

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.

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