Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives $15.50 Consensus Target Price from Analysts

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has received an average rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.50.

Several equities research analysts have weighed in on the company. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Raymond James upped their price objective on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Janney Montgomery Scott initiated coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price on the stock.

Franklin BSP Realty Trust Price Performance

Shares of FBRT stock opened at $12.38 on Friday. The company’s 50-day simple moving average is $12.82 and its two-hundred day simple moving average is $12.98. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45. Franklin BSP Realty Trust has a one year low of $11.96 and a one year high of $14.11. The company has a market capitalization of $1.01 billion, a P/E ratio of 15.10 and a beta of 1.39.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.47%. Franklin BSP Realty Trust’s payout ratio is 173.17%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FBRT. Commonwealth Equity Services LLC grew its stake in shares of Franklin BSP Realty Trust by 13.6% during the second quarter. Commonwealth Equity Services LLC now owns 32,561 shares of the company’s stock worth $410,000 after acquiring an additional 3,886 shares during the last quarter. Marble Harbor Investment Counsel LLC acquired a new stake in shares of Franklin BSP Realty Trust during the second quarter worth $189,000. Concorde Asset Management LLC acquired a new position in shares of Franklin BSP Realty Trust in the 2nd quarter valued at $187,000. AE Wealth Management LLC raised its stake in Franklin BSP Realty Trust by 91.8% in the 2nd quarter. AE Wealth Management LLC now owns 30,597 shares of the company’s stock worth $387,000 after acquiring an additional 14,641 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Franklin BSP Realty Trust by 16.8% during the 2nd quarter. Sei Investments Co. now owns 26,954 shares of the company’s stock worth $340,000 after acquiring an additional 3,873 shares during the period. 59.87% of the stock is owned by institutional investors and hedge funds.

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).