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

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been given a consensus recommendation of “Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.50.

FBRT has been the subject of a number of recent analyst reports. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective for the company.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT opened at $12.94 on Tuesday. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. Franklin BSP Realty Trust has a fifty-two week low of $11.96 and a fifty-two week high of $14.11. The business has a 50 day moving average price of $12.70 and a two-hundred day moving average price of $12.94. The firm has a market cap of $1.06 billion, a PE ratio of 15.79 and a beta of 1.39.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.97%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 173.17%.

Institutional Trading of Franklin BSP Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of 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 buying an additional 787 shares during the period. Cetera Investment Advisers lifted its holdings in Franklin BSP Realty Trust by 0.9% in the second quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock worth $1,674,000 after acquiring an additional 1,236 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in Franklin BSP Realty Trust by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 19,639 shares of the company’s stock valued at $256,000 after acquiring an additional 1,381 shares during the period. Mutual Advisors LLC grew its holdings in shares of Franklin BSP Realty Trust by 7.7% during the fourth quarter. Mutual Advisors LLC now owns 19,728 shares of the company’s stock valued at $247,000 after purchasing an additional 1,402 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Franklin BSP Realty Trust by 3.2% during the 4th quarter. Allworth Financial LP now owns 48,183 shares of the company’s stock worth $599,000 after purchasing an additional 1,501 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).