Franklin BSP Realty Trust (NYSE:FBRT) Given Buy Rating at Jones Trading

Franklin BSP Realty Trust (NYSE:FBRT)‘s stock had its “buy” rating reaffirmed by research analysts at Jones Trading in a research report issued on Tuesday,Benzinga reports. They presently have a $15.00 target price on the stock. Jones Trading’s price target suggests a potential upside of 11.14% from the stock’s current price.

Other research analysts have also issued reports about the company. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They issued a “buy” rating and a $16.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $15.50.

Franklin BSP Realty Trust Stock Up 1.5 %

NYSE FBRT traded up $0.20 during trading on Tuesday, hitting $13.50. The company’s stock had a trading volume of 117,994 shares, compared to its average volume of 371,739. Franklin BSP Realty Trust has a fifty-two week low of $11.96 and a fifty-two week high of $14.11. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. The company has a market cap of $1.11 billion, a PE ratio of 16.26 and a beta of 1.37. The business’s 50 day simple moving average is $12.82 and its 200-day simple moving average is $12.97.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $55.95 million during the quarter, compared to analysts’ expectations of $49.28 million. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. On average, equities analysts anticipate that Franklin BSP Realty Trust will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of large investors have recently modified their holdings of the business. FMR LLC raised its holdings in Franklin BSP Realty Trust by 42.9% in the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after acquiring an additional 787 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in Franklin BSP Realty Trust by 6.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 20,877 shares of the company’s stock worth $262,000 after buying an additional 1,238 shares in the last quarter. Shorepoint Capital Partners LLC boosted its stake in Franklin BSP Realty Trust by 2.8% during the fourth quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company’s stock worth $645,000 after buying an additional 1,400 shares during the last quarter. Mutual Advisors LLC grew its holdings in Franklin BSP Realty Trust by 7.7% in the 4th quarter. Mutual Advisors LLC now owns 19,728 shares of the company’s stock valued at $247,000 after buying an additional 1,402 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Franklin BSP Realty Trust by 3.2% in the 4th quarter. Allworth Financial LP now owns 48,183 shares of the company’s stock worth $599,000 after acquiring an additional 1,501 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.

About Franklin BSP Realty Trust

Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the government-sponsored enterprises (GSEs)), or by an agency of the federal government, Government National Mortgage Association (Ginnie Mae).