In the meantime, Janney initiated its Franklin BSP Realty Trust Inc [FBRT] rating to a Buy in a research note published on December 12, 2024; the price target was $16. Raymond James also remained covering FBRT and has increased its forecast on April 12, 2024 with a “Strong buy” recommendation from previously “an Outperform” rating. JMP Securities revised its rating on January 10, 2024. It rated FBRT as “a Mkt outperform” which previously was an “a Mkt perform”.
Price Performance Review of FBRT
On Tuesday, Franklin BSP Realty Trust Inc [NYSE:FBRT] saw its stock fall -0.43% to $11.59. Over the last five days, the stock has gained 0.26%. Franklin BSP Realty Trust Inc shares have fallen nearly -7.58% since the year began. Nevertheless, the stocks have fallen -7.87% over the past one year. While a 52-week high of $14.11 was reached on 03/03/25, a 52-week low of $10.50 was recorded on 04/11/25. SMA at 50 days reached $12.52, while 200 days put it at $12.86.
Levels Of Support And Resistance For FBRT Stock
The 24-hour chart illustrates a support level at 11.04, which if violated will result in even more drops to 10.50. On the upside, there is a resistance level at 11.89. A further resistance level may holdings at 12.20. The Relative Strength Index (RSI) on the 14-day chart is 44.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.85%. Stochastics %K at 75.26% indicates the stock is a holding.
How much short interest is there in Franklin BSP Realty Trust Inc?
A steep rise in short interest was recorded in Franklin BSP Realty Trust Inc stocks on 2025-04-15, dropping by 24159.0 shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.31 million shares. There was a decline of -1.06%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 25, 2023 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $13.50 price target.
