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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has earned a consensus recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings 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 price target among brokerages that have issued a report on the stock in the last year is $15.50.

Several equities analysts recently issued reports on the company. Janney Montgomery Scott started coverage on 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. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th.

Franklin BSP Realty Trust Stock Up 0.2 %

Shares of NYSE FBRT opened at $12.94 on Tuesday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.79 and a beta of 1.39. Franklin BSP Realty Trust has a 52 week low of $11.96 and a 52 week high of $14.11. The firm has a 50-day moving average price of $12.70 and a 200 day moving average price of $12.94. 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 Announces Dividend

The business also recently disclosed 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. This represents a $1.42 dividend on an annualized basis and a yield of 10.97%. The ex-dividend date of this dividend was Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

Institutional Trading of Franklin BSP Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of FBRT. Raymond James Financial Inc. acquired a new stake in shares of Franklin BSP Realty Trust in the fourth quarter worth approximately $859,000. Charles Schwab Investment Management Inc. increased its stake in Franklin BSP Realty Trust by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company’s stock worth $14,584,000 after acquiring an additional 136,687 shares during the last quarter. GraniteShares Advisors LLC purchased a new position in shares of Franklin BSP Realty Trust in the 4th quarter worth about $2,475,000. Principal Financial Group Inc. lifted its stake in shares of Franklin BSP Realty Trust by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 396,888 shares of the company’s stock valued at $4,977,000 after purchasing an additional 11,138 shares in the last quarter. Finally, Allworth Financial LP grew its holdings 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 hedge funds and other institutional investors.

Franklin BSP Realty Trust Company Profile

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).