Franklin BSP Realty Trust (NYSE:FBRT) Coverage Initiated at Janney Montgomery Scott

Investment analysts at Janney Montgomery Scott began coverage on shares of Franklin BSP Realty Trust (NYSE:FBRTGet Free Report) in a report issued on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $16.00 price target on the stock. Janney Montgomery Scott’s target price indicates a potential upside of 21.86% from the stock’s previous close.

Separately, Raymond James raised their price objective on 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. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Franklin BSP Realty Trust has a consensus rating of “Buy” and an average target price of $15.50.

Check Out Our Latest Analysis on Franklin BSP Realty Trust

Franklin BSP Realty Trust Trading Down 0.2 %

Shares of FBRT stock opened at $13.13 on Thursday. Franklin BSP Realty Trust has a fifty-two week low of $11.99 and a fifty-two week high of $14.66. The stock’s fifty day moving average price is $12.98 and its two-hundred day moving average price is $12.99. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. The company has a market cap of $1.07 billion, a PE ratio of 16.01 and a beta of 1.40.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of 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 raised its holdings in Franklin BSP Realty Trust by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock worth $25,335,000 after purchasing an additional 9,428 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in shares of Franklin BSP Realty Trust in the 3rd quarter worth approximately $189,000. Orion Portfolio Solutions LLC boosted its stake in shares of 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 purchasing an additional 1,381 shares during the last quarter. Finally, State Street Corp increased its position in shares of Franklin BSP Realty Trust by 3.6% during the third quarter. State Street Corp now owns 3,359,241 shares of the company’s stock worth $45,059,000 after buying an additional 116,589 shares during the period. 59.87% of the stock is currently owned by institutional investors and hedge funds.

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).

Further Reading

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

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