Franklin BSP Realty Trust upgraded by JMP Securities with a new price target
$FBRT
Real Estate Investment Trusts
Real Estate
JMP Securities upgraded Franklin BSP Realty Trust from Mkt Perform to Mkt Outperform and set a new price target of $15.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/19/2024 | $16.00 | Buy | BTIG Research |
| 4/12/2024 | $15.00 | Outperform → Strong Buy | Raymond James |
| 1/10/2024 | $15.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 4/25/2023 | $13.50 | Buy | BTIG Research |
| 4/4/2023 | $13.50 | Outperform | Raymond James |
| 9/28/2022 | $16.00 | Buy | B. Riley Securities |
| 8/18/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/10/2022 | $15.00 | Mkt Outperform | JMP Securities |
8-K - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
424B3 - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
424B5 - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)
SC 13G/A - Franklin BSP Realty Trust, Inc. (0001562528) (Subject)
SC 13G/A - Franklin BSP Realty Trust, Inc. (0001562528) (Subject)
SC 13G/A - Franklin BSP Realty Trust, Inc. (0001562528) (Subject)
BTIG analyst Thomas Catherwood assumes Franklin BSP Realty Trust (NYSE:FBRT) with a Buy rating and announces Price Target of $16.
JMP Securities analyst Steven Delaney reiterates Franklin BSP Realty Trust (NYSE:FBRT) with a Market Outperform and maintains $15 price target.
Franklin BSP Realty Trust (NYSE:FBRT) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.39 by 5.13 percent. This is a 6.82 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $53.952 million which missed the analyst consensus estimate of $56.491 million by 4.49 percent. This is a 14.05 percent decrease over sales of $62.773 million the same period last year.
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended September 30, 2024. Reported GAAP net income (loss) of $30.2 million for the three months ended September 30, 2024, compared to $(3.8) million for the three months ended June 30, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $0.30 for the three months ended September 30, 2024, compared to $(0.11) for the three months ended June 30, 2024. Reported Distributable Earnings (a non-GAAP financial measure) of $(4.0) million, or $(0.10) per diluted common share on a fully converted basis(1), for the three months ended September 30, 2024, compa
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) today announced that it will release its third quarter 2024 results on Monday, November 4, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, November 5, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10193610/fdb52ca66a. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166 (Domestic) or (412) 317-57
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) today announced the closing of BSPRT 2024-FL11 ("FL11"), a $1.024 billion managed Commercial Real Estate Collateralized Loan Obligation. FL11 features a 36-month reinvestment period and includes a $100 million, all multifamily 180-day ramp-up acquisition period. The transaction has an initial advance rate of 86.5% and a weighted average interest rate of 1M CME Term SOFR+1.99% before accounting for discount and transaction costs. Michael Comparato, President of FBRT, commented: "We are excited to announce the successful closing of FL11. Year-to-date, FBRT has been very active originating loans in the middle market, with a meaningful amount of thos
BTIG Research resumed coverage of Franklin BSP Realty Trust with a rating of Buy and set a new price target of $16.00
Raymond James upgraded Franklin BSP Realty Trust from Outperform to Strong Buy and set a new price target of $15.00
JMP Securities upgraded Franklin BSP Realty Trust from Mkt Perform to Mkt Outperform and set a new price target of $15.00
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced the appointment of Michael Comparato as its new President. Richard J. Byrne, who previously served as President, will continue to serve as Chairman of the Board of Directors and Chief Executive Officer. Mr. Comparato is a managing director with Benefit Street Partners L.L.C. ("BSP"), the Company's external manager, and has served as Head of Commercial Real Estate for BSP since 2017. Since BSP took over the role of external manager of FBRT, Mr. Comparato has played a leading role for BSP in fulfilling its duties under the advisory agreement, running day-to-day operations, including overseeing loan originat
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced the appointment of Joe Dumars to the FBRT Board of Directors, effective January 1, 2023. Following the appointment of Mr. Dumars, the Board will comprise eight directors, seven of whom will be independent. Mr. Dumars, 59, is an experienced executive, owner, and operator of multiple businesses with a track record of accomplishments based on individual contribution, leadership and team building. Mr. Dumars has been the EVP and head of basketball operations for the National Basketball Association ("NBA") since 2022. Previously, Mr. Dumars was the Chief Strategy Officer for the Sacramento Kings NBA franchise
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended September 30, 2024. Reported GAAP net income (loss) of $30.2 million for the three months ended September 30, 2024, compared to $(3.8) million for the three months ended June 30, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $0.30 for the three months ended September 30, 2024, compared to $(0.11) for the three months ended June 30, 2024. Reported Distributable Earnings (a non-GAAP financial measure) of $(4.0) million, or $(0.10) per diluted common share on a fully converted basis(1), for the three months ended September 30, 2024, compa
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) today announced that it will release its third quarter 2024 results on Monday, November 4, 2024, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Tuesday, November 5, 2024, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10193610/fdb52ca66a. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166 (Domestic) or (412) 317-57
Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced its Board of Directors has declared a third quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about October 10, 2024 to common stockholders of record as of September 30, 2024. The Board of Directors also declared a third quarter 2024 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBRT's Board of Directors also declared a third quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock (NYSE:FBRTPRE). This dividend is payable on October 15, 2024 to Series E preferr