Franklin BSP Realty Trust (NYSE:FBRT – Get Rating) Equity research analysts at JMP Securities have been downgraded from an ‘outperform’ rating to a ‘market perform’ rating in a research report issued Thursday, Marketbeat Ratings reports.
Franklin BSP Realty Trust Stock Performance
Shares of FBRT shares opened Thursday at $14.25. His one-year low for the Franklin BSP Realty Trust is $12.45 and his one-year high is $17.74. The company has a current ratio of 110.58, a quick ratio of 110.58 and a debt to equity ratio of 3.38. The company has a market capitalization of $1.19 billion, a price/earnings ratio of -4.76, and a beta of 1.32. The stock has a 50-day simple moving average of $14.52 and a 200-day simple moving average of $14.06.
institution inflow and outflow
Many institutional investors and hedge funds have recently changed their holdings in businesses. Captrust Financial Advisors purchased a new position in Franklin BSP Realty Trust for approximately $68,000 in the second quarter. M Holdings Securities Inc. purchased new positions in Franklin BSP Realty Trust for approximately $341,000 in the second quarter. Thrivent Financial for Lutherans increased its stake in Franklin BSP Realty Trust by 129.8% in the second quarter. Thrivent Financial for Lutherans now owns 82,223 shares of the company worth $1,108,000 after he purchased an additional 46,444 shares last quarter. Price T Rowe Associates Inc. MD increased his stake in Franklin BSP Realty Trust by 4.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 122,518 shares worth $1,652,000 after purchasing an additional 4,853 shares in the previous quarter. Finally, Prudential Financial Inc. increased its stake in Franklin BSP Realty Trust by 87.6% in the second quarter. Prudential Financial Inc. now owns 85,045 shares worth $1,146,000 after purchasing an additional 39,700 shares last quarter. Hedge funds and other institutional investors own 54.52% of the company’s shares.
About Franklin BSP Realty Trust
Franklin BSP Realty Trust, Inc., a real estate finance firm, originates, acquires and manages a portfolio of commercial real estate debt secured by real estate in the United States. The company also originates conduit loans. Invested in commercial real estate securities and owned and purchased for investment purposes real estate acquired through foreclosure and deeds in lieu of foreclosure.
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