BTIG Research Reiterates “Buy” Rating for Franklin BSP Realty Trust (NYSE:FBRT)

BTIG Research reiterated their buy rating on shares of Franklin BSP Realty Trust (NYSE:FBRT) in a report released on Friday, Marketbeat reports. The brokerage currently has a $16.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. JMP Securities reissued a market outperform rating and issued a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Thursday, June 27th. Raymond James raised 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 report on Friday, April 12th.

Franklin BSP Realty Trust Stock Up 0.5 %

FBRT opened at $13.81 on Friday. Franklin BSP Realty Trust has a 1-year low of $11.99 and a 1-year high of $14.66. The company has a current ratio of 88.39, a quick ratio of 88.39 and a debt-to-equity ratio of 3.21. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.46 and a beta of 1.44. The business has a 50 day moving average of $12.86 and a 200-day moving average of $12.90.

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

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were given a $0.355 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.42 annualized dividend and a yield of 10.28%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 107.58%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FBRT. Mutual Advisors LLC lifted its holdings in shares of Franklin BSP Realty Trust by 30.3% during the fourth quarter. Mutual Advisors LLC now owns 19,698 shares of the company’s stock valued at $266,000 after acquiring an additional 4,581 shares during the period. Raymond James & Associates bought a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at $207,000. Strong Tower Advisory Services lifted its holdings in shares of Franklin BSP Realty Trust by 5.2% during the fourth quarter. Strong Tower Advisory Services now owns 639,870 shares of the company’s stock valued at $8,645,000 after acquiring an additional 31,706 shares during the period. Retirement Financial Solutions LLC lifted its holdings in shares of Franklin BSP Realty Trust by 3.9% during the fourth quarter. Retirement Financial Solutions LLC now owns 31,789 shares of the company’s stock valued at $429,000 after acquiring an additional 1,184 shares during the period. Finally, Realta Investment Advisors lifted its holdings in shares of Franklin BSP Realty Trust by 19.3% during the fourth quarter. Realta Investment Advisors now owns 18,614 shares of the company’s stock valued at $251,000 after acquiring an additional 3,010 shares during the period. 59.87% of the stock is 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).