Franklin BSP Realty Trust (NYSE:FBRT) Receives “Market Outperform” Rating from JMP Securities

Franklin BSP Realty Trust (NYSE:FBRT)‘s stock had its “market outperform” rating reissued by investment analysts at JMP Securities in a research note issued on Thursday, Benzinga reports. They currently have a $15.00 price objective on the stock. JMP Securities’ target price indicates a potential upside of 17.19% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Raymond James raised shares of Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Friday, April 12th. BTIG Research cut their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th.

Franklin BSP Realty Trust Trading Down 0.7 %

NYSE FBRT traded down $0.09 on Thursday, hitting $12.80. 94,478 shares of the company were exchanged, compared to its average volume of 331,074. The company’s 50 day moving average price is $12.78 and its 200-day moving average price is $13.03. Franklin BSP Realty Trust has a twelve month low of $11.99 and a twelve month high of $14.70. The company has a debt-to-equity ratio of 3.21, a current ratio of 88.39 and a quick ratio of 88.39. The firm has a market capitalization of $1.05 billion, a P/E ratio of 9.70 and a beta of 1.44.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $53.95 million during the quarter, compared to analysts’ expectations of $54.64 million. Franklin BSP Realty Trust had a return on equity of 14.32% and a net margin of 53.82%. During the same period in the prior year, the company posted $0.44 earnings per share. Analysts predict that Franklin BSP Realty Trust will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of Franklin BSP Realty Trust

A number of large investors have recently bought and sold shares of the stock. Cetera Advisors LLC grew its position in Franklin BSP Realty Trust by 181.4% in the first quarter. Cetera Advisors LLC now owns 92,432 shares of the company’s stock valued at $1,235,000 after acquiring an additional 59,586 shares during the period. Cetera Investment Advisers grew its position in Franklin BSP Realty Trust by 115.5% in the first quarter. Cetera Investment Advisers now owns 131,616 shares of the company’s stock valued at $1,758,000 after acquiring an additional 70,549 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in Franklin BSP Realty Trust in the first quarter valued at $207,000. 1832 Asset Management L.P. bought a new stake in Franklin BSP Realty Trust in the first quarter valued at $6,012,000. Finally, Gabelli Funds LLC boosted its stake in Franklin BSP Realty Trust by 54.6% in the first quarter. Gabelli Funds LLC now owns 130,000 shares of the company’s stock worth $1,737,000 after purchasing an additional 45,901 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

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).