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

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

A number of analysts have recently issued reports on the company. Janney Montgomery Scott initiated coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective on the stock. Jones Trading reiterated a “buy” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Tuesday. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday. Finally, B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th.

Franklin BSP Realty Trust Stock Performance

Shares of NYSE FBRT opened at $13.12 on Tuesday. 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 business’s 50 day moving average is $12.86 and its two-hundred day moving average is $12.97. The company has a market cap of $1.08 billion, a P/E ratio of 15.80 and a beta of 1.37. Franklin BSP Realty Trust has a 12 month low of $11.96 and a 12 month high of $14.12.

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

Franklin BSP Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders 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 annualized dividend and a dividend yield of 10.83%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 171.08%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Large investors have recently modified their holdings of the business. Apollon Wealth Management LLC bought a new position in shares of Franklin BSP Realty Trust during the third quarter worth about $273,000. KBC Group NV raised its stake in Franklin BSP Realty Trust by 51.6% in 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. Quest Partners LLC lifted its holdings in Franklin BSP Realty Trust by 3,544,900.0% during the 3rd quarter. Quest Partners LLC now owns 35,450 shares of the company’s stock valued at $463,000 after purchasing an additional 35,449 shares during the last quarter. Caprock Group LLC bought a new position in Franklin BSP Realty Trust during the third quarter worth $460,000. Finally, Moors & Cabot Inc. increased its holdings in shares of Franklin BSP Realty Trust by 53.4% in the third quarter. Moors & Cabot Inc. now owns 17,117 shares of the company’s stock valued at $224,000 after purchasing an additional 5,961 shares during the last quarter. 59.87% of the stock is currently owned by 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).