Zacks Research Upgrades Franklin BSP Realty Trust (NYSE:FBRT) to "Hold"

Zacks Research has upgraded Franklin BSP Realty Trust (NYSE:FBRT) from a “strong sell” to a “hold” rating, though the consensus remains a “Moderate Buy” with a $14 target price. Despite a declared dividend of $0.20 per share, management indicated a future dividend reset and Q4 earnings missed expectations, leading to recent stock volatility. Shares are currently trading around $8.86, with institutional investors holding nearly 60% of the stock.

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