JonesTrading Reaffirms "Buy" Rating for Franklin BSP Realty Trust (NYSE:FBRT)

Key Points

• JonesTrading reaffirmed its “Buy” rating on Franklin BSP Realty Trust, with a $12.00 price target implying approximately 56% upside from the $7.67 share price.
• Analyst sentiment is mixed overall: MarketBeat reports an average rating of “Hold” and an average price target of $11.50, based on three Buy, one Hold, and one Sell rating.
• Franklin BSP Realty Trust beat quarterly earnings expectations, reporting $0.25 in EPS versus the $0.24 consensus estimate, while institutional investors own nearly 60% of the company’s shares.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report)'s stock had its "buy" rating restated by analysts at JonesTrading in a report released on Friday, Benzinga reports. They presently have a $12.00 target price on the stock. JonesTrading's price target points to a potential upside of 56.41% from the company's current price.

A number of other equities analysts have also recently issued reports on FBRT. Citizens Jmp reiterated 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 upgraded shares of Franklin BSP Realty Trust from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 30th. Finally, Zacks Research upgraded Franklin BSP Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $11.50.

Franklin BSP Realty Trust Stock Performance

NYSE:FBRT opened at $7.67 on Friday. Franklin BSP Realty Trust has a twelve month low of $7.34 and a twelve month high of $11.68. The company has a quick ratio of 96.80, a current ratio of 96.80 and a debt-to-equity ratio of 3.47. The stock has a market cap of $637.08 million, a P/E ratio of 17.44 and a beta of 0.93. The business's 50-day moving average price is $8.04 and its two-hundred day moving average price is $8.50.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $65.29 million for the quarter, compared to analysts' expectations of $80.98 million. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. As a group, equities analysts predict that Franklin BSP Realty Trust will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Franklin BSP Realty Trust

In other news, Director Buford Ortale acquired 29,597 shares of the firm's stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $9.85 per share, for a total transaction of $291,530.45. Following the completion of the acquisition, the director owned 28,900 shares in the company, valued at $284,665. This trade represents a -4,246.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Independent Financial Group LLC purchased a new position in shares of Franklin BSP Realty Trust during the first quarter valued at approximately $1,117,000. Gamco Investors INC. ET AL grew its stake in shares of Franklin BSP Realty Trust by 64.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 188,917 shares of the company's stock worth $1,604,000 after buying an additional 73,955 shares during the last quarter. Q Global Advisors LLC increased its position in 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 valued at $3,380,000 after buying an additional 96,723 shares in the last quarter. Jennison Associates LLC raised its stake in Franklin BSP Realty Trust by 25.0% during the first quarter. Jennison Associates LLC now owns 126,193 shares of the company's stock valued at $1,071,000 after buying an additional 25,262 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in Franklin BSP Realty Trust during the first quarter valued at $190,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

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.

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