Franklin BSP Realty Trust's (FBRT) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated Franklin BSP Realty Trust's (FBRT) rating as "hold (C-)" following a recent research report.
• Jones Trading lowered its target price for FBRT from $14.00 to $13.00 while maintaining a "buy" rating, indicating mixed analyst sentiment.
• Approximately 59.87% of FBRT stock is currently owned by institutional investors and hedge funds, reflecting strong institutional interest in the company.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report)'s stock had its "hold (c-)" rating reissued by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Jones Trading cut their target price on Franklin BSP Realty Trust from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $14.67.

Franklin BSP Realty Trust Stock Performance

FBRT stock opened at $10.75 on Wednesday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 81.24 and a current ratio of 81.24. The stock has a market capitalization of $884.51 million, a price-to-earnings ratio of 10.97 and a beta of 1.03. Franklin BSP Realty Trust has a 1 year low of $9.79 and a 1 year high of $13.58. The stock's fifty day moving average is $11.16 and its two-hundred day moving average is $11.19.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Several hedge funds have recently modified their holdings of the company. Shorepoint Capital Partners LLC acquired a new position in shares of Franklin BSP Realty Trust during the 3rd quarter valued at $504,000. Central Pacific Bank Trust Division increased its position in shares of Franklin BSP Realty Trust by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 7,500 shares of the company's stock valued at $81,000 after purchasing an additional 2,500 shares during the period. Newbridge Financial Services Group Inc. increased its position in shares of Franklin BSP Realty Trust by 4.8% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 32,246 shares of the company's stock valued at $345,000 after purchasing an additional 1,476 shares during the period. State of Wyoming acquired a new position in shares of Franklin BSP Realty Trust during the 2nd quarter valued at $47,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Franklin BSP Realty Trust by 16.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 23,624 shares of the company's stock valued at $253,000 after purchasing an additional 3,252 shares during the period. 59.87% of the stock is currently owned by institutional investors and hedge funds.

About Franklin BSP Realty Trust

Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the government-sponsored enterprises (GSEs)), or by an agency of the federal government, Government National Mortgage Association (Ginnie Mae).

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