Franklin BSP Realty Trust (NYSE:FBRT) Sets New 52-Week Low – Time to Sell?

Franklin BSP Realty Trust, Inc. (NYSE:FBRT)’s share price hit a new 52-week low on Thursday . The stock traded as low as $8.21 and last traded at $8.2240, with a volume of 1401306 shares. The stock had previously closed at $8.35.

Wall Street Analysts Forecast Growth

FBRT has been the subject of several analyst reports. Zacks Research cut shares of Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, April 16th. Weiss Ratings cut shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Finally, JonesTrading dropped their target price on shares of Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Franklin BSP Realty Trust Stock Down 1.5%

The company has a market capitalization of $632.94 million, a P/E ratio of 16.13 and a beta of 0.92. The company has a debt-to-equity ratio of 3.74, a quick ratio of 90.06 and a current ratio of 90.06. The firm’s fifty day moving average is $8.77 and its 200-day moving average is $9.46.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). The company had revenue of $74.38 million for the quarter, compared to the consensus estimate of $73.09 million. Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. As a group, equities research analysts predict that Franklin BSP Realty Trust, Inc. will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arlington Trust Co LLC bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter valued at approximately $40,000. Assetmark Inc. bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter valued at approximately $40,000. Danske Bank A S bought a new stake in shares of Franklin BSP Realty Trust during the 3rd quarter valued at approximately $45,000. State of Wyoming bought a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter valued at approximately $47,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter valued at approximately $44,000. 59.87% of the stock is owned by institutional investors.

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.