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Franklin BSP Realty Trust ( (FBRT) ) has provided an update.
On January 20, 2026, Franklin BSP Realty Trust, Inc. filed an amendment to the terms governing its Series H Convertible Preferred Stock, after approval by its board of directors and the sole holder of the Series H shares. The amendment extends the mandatory conversion date for the Series H Preferred Stock from January 21, 2026 to January 21, 2028, with the possibility of additional one-year extensions by mutual agreement, and grants the holder the right to convert up to 4,487 shares once per calendar month before the new mandatory conversion date upon 10 business days’ notice. No other terms of the Series H Preferred Stock were changed, and the sole stockholder of the Series H shares had provided written consent to the amendment on January 14, 2026, underscoring the holder’s active role in reshaping the timing and flexibility of conversion, which affects the company’s future capital structure and the preferred stockholder’s conversion strategy.
The most recent analyst rating on (FBRT) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Franklin BSP Realty Trust stock, see the FBRT Stock Forecast page.
Spark’s Take on FBRT Stock
According to Spark, TipRanks’ AI Analyst, FBRT is a Neutral.
The overall stock score reflects a mixed outlook for Franklin BSP Realty Trust. The most significant factor is the financial performance, which is challenged by declining revenues and high leverage. Technical analysis shows a neutral trend with mild bullish momentum. Valuation is reasonable, supported by a high dividend yield, but sustainability is a concern. The earnings call provided a positive outlook with strategic achievements, and the recent securitization deal enhances financial flexibility.
To see Spark’s full report on FBRT stock, click here.
More about Franklin BSP Realty Trust
Average Trading Volume: 746,120
Technical Sentiment Signal: Sell
Current Market Cap: $839.7M
For an in-depth examination of FBRT stock, go to TipRanks’ Overview page.