Franklin BSP Realty Trust Inc (FBRT)
Franklin BSP Realty Trust, Inc. is a real estate investment trust that originates, acquires and manages a portfolio of commercial real estate debt investments secured by properties located in the United States and internationally. The company is headquartered in New York, New York.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 69.71% per annum.
- FBRT price at the close of January 27, 2025 was $12.77 and was lower than the bottom border of the primary price channel by $16.78 (56.78%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.96% per annum.
- FBRT price at the close of January 27, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of FBRT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 29, 2022
End date: February 27, 2023
a = 1.7655
b = 0.0014
s = 0.0563
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 69.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0563) – 1
= 25.25%
August 29, 2022 calculations
Top border of price channel:
Exp(Y216)
= Exp(a + b × X216 + 2 × s)
= Exp(a + b × 314 + 2 × s)
= Exp(1.7655 + 0.0014 × 314 + 2 × 0.0563)
= Exp(2.3331)
= $10.31
Bottom border of price channel:
Exp(Y216)
= Exp(a + b × X216 – 2 × s)
= Exp(a + b × 314 – 2 × s)
= Exp(1.7655 + 0.0014 × 314 – 2 × 0.0563)
= Exp(2.1079)
= $8.23
February 27, 2023 calculations
Top border of price channel:
Exp(Y340)
= Exp(a + b × X340 + 2 × s)
= Exp(a + b × 496 + 2 × s)
= Exp(1.7655 + 0.0014 × 496 + 2 × 0.0563)
= Exp(2.5968)
= $13.42
Bottom border of price channel:
Exp(Y340)
= Exp(a + b × X340 – 2 × s)
= Exp(a + b × 496 – 2 × s)
= Exp(1.7655 + 0.0014 × 496 – 2 × 0.0563)
= Exp(2.3717)
= $10.72
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 69.71% per annum.
- FBRT price at the close of January 27, 2025 was $12.77 and was lower than the bottom border of the primary price channel by $16.78 (56.78%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 18, 2022
End date: January 27, 2025
a = 2.2897
b = 0.0002
s = 0.0473
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0473) – 1
= 20.83%
October 18, 2022 calculations
Top border of price channel:
Exp(Y251)
= Exp(a + b × X251 + 2 × s)
= Exp(a + b × 364 + 2 × s)
= Exp(2.2897 + 0.0002 × 364 + 2 × 0.0473)
= Exp(2.4606)
= $11.71
Bottom border of price channel:
Exp(Y251)
= Exp(a + b × X251 – 2 × s)
= Exp(a + b × 364 – 2 × s)
= Exp(2.2897 + 0.0002 × 364 – 2 × 0.0473)
= Exp(2.2714)
= $9.69
January 27, 2025 calculations
Top border of price channel:
Exp(Y820)
= Exp(a + b × X820 + 2 × s)
= Exp(a + b × 1,196 + 2 × s)
= Exp(2.2897 + 0.0002 × 1,196 + 2 × 0.0473)
= Exp(2.6351)
= $13.94
Bottom border of price channel:
Exp(Y820)
= Exp(a + b × X820 – 2 × s)
= Exp(a + b × 1,196 – 2 × s)
= Exp(2.2897 + 0.0002 × 1,196 – 2 × 0.0473)
= Exp(2.4459)
= $11.54
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.96% per annum.
- FBRT price at the close of January 27, 2025 was inside the secondary price channel.