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

Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Free Report) 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.

Get Our Latest Analysis on FBRT

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:FBRTGet Free Report) 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

(Get Free Report

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).

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Analyst Recommendations for Franklin BSP Realty Trust (NYSE:FBRT)

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