Brokerages Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) PT at $15.50

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have received an average recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.50.

A number of brokerages have issued reports on FBRT. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a “buy” rating and a $16.00 target price for the company. Finally, Raymond James increased their price target on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th.

Franklin BSP Realty Trust Price Performance

Franklin BSP Realty Trust stock opened at $12.08 on Friday. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67. The company has a fifty day simple moving average of $12.85 and a 200-day simple moving average of $12.99. The stock has a market cap of $988.64 million, a P/E ratio of 14.73 and a beta of 1.39. Franklin BSP Realty Trust has a 12-month low of $11.99 and a 12-month high of $14.11.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.75%. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

Institutional Trading of Franklin BSP Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its position in Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after acquiring an additional 787 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Franklin BSP Realty Trust by 0.9% during the second quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock worth $1,674,000 after purchasing an additional 1,236 shares during the period. Orion Portfolio Solutions LLC increased its stake in Franklin BSP Realty Trust by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 19,639 shares of the company’s stock valued at $256,000 after buying an additional 1,381 shares during the period. The Manufacturers Life Insurance Company raised its position in Franklin BSP Realty Trust by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock worth $515,000 after buying an additional 1,518 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Franklin BSP Realty Trust by 51.6% in the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after acquiring an additional 1,588 shares during the period. 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).