Analysts Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Target Price at $15.50

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has received a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $15.50.

A number of brokerages have commented on FBRT. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Jones Trading restated a “buy” rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. Finally, Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 price target on the stock.

Institutional Trading of Franklin BSP Realty Trust

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Franklin BSP Realty Trust by 62.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,148 shares of the company’s stock worth $1,621,000 after purchasing an additional 47,650 shares in the last quarter. Barclays PLC lifted its position in Franklin BSP Realty Trust by 22.0% during the third quarter. Barclays PLC now owns 136,534 shares of the company’s stock worth $1,784,000 after acquiring an additional 24,633 shares during the last quarter. Geode Capital Management LLC lifted its position in Franklin BSP Realty Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock worth $25,335,000 after acquiring an additional 9,428 shares during the last quarter. FMR LLC raised its position in shares of Franklin BSP Realty Trust by 42.9% in the third quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after buying an additional 787 shares in the last quarter. Finally, Strong Tower Advisory Services raised its position in shares of Franklin BSP Realty Trust by 9.7% in the fourth quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company’s stock valued at $14,510,000 after buying an additional 101,951 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Up 0.2 %

Shares of Franklin BSP Realty Trust stock opened at $13.31 on Tuesday. The stock’s fifty day moving average is $12.89 and its 200-day moving average is $12.96. The firm has a market capitalization of $1.09 billion, a PE ratio of 16.03 and a beta of 1.37. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. Franklin BSP Realty Trust has a 12-month low of $11.96 and a 12-month high of $14.12.

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

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 10.67%. Franklin BSP Realty Trust’s payout ratio is presently 171.08%.

Franklin BSP Realty Trust Company Profile

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).