Jones Trading Reiterates Buy Rating for Franklin BSP Realty Trust (NYSE:FBRT)

Franklin BSP Realty Trust (NYSE:FBRT)‘s stock had its “buy” rating reaffirmed by Jones Trading in a report released on Tuesday,Benzinga reports. They presently have a $15.00 price objective on the stock. Jones Trading’s price target points to a potential upside of 13.54% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. 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 began 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 price target for the company. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Franklin BSP Realty Trust currently has a consensus rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Trading Down 0.4 %

Shares of FBRT opened at $13.21 on Tuesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 15.92 and a beta of 1.37. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. The firm has a fifty day simple moving average of $12.85 and a two-hundred day simple moving average of $12.97. Franklin BSP Realty Trust has a twelve month low of $11.96 and a twelve month high of $14.12.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $55.95 million during the quarter, compared to analysts’ expectations of $49.28 million. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. On average, research analysts anticipate that Franklin BSP Realty Trust will post 1.41 EPS for the current year.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Franklin BSP Realty Trust in the 4th quarter worth about $32,000. 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 valued at $34,000 after acquiring an additional 787 shares during the period. Costello Asset Management INC purchased a new position in Franklin BSP Realty Trust during the 4th quarter valued at about $58,000. KBC Group NV lifted its position in Franklin BSP Realty Trust by 51.6% during the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after acquiring an additional 1,588 shares during the period. Finally, LaSalle St. Investment Advisors LLC purchased a new position in Franklin BSP Realty Trust during the 4th quarter valued at about $133,000. 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).