B. Riley Upgrades Franklin BSP Realty Trust (NYSE:FBRT) to Strong-Buy

Franklin BSP Realty Trust (NYSE:FBRT) was upgraded by equities research analysts at B. Riley to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

FBRT has been the topic of a number of other reports. Raymond James lifted their price target on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Janney Montgomery Scott began coverage on shares of Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a “buy” rating and a $16.00 target price on the stock. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Franklin BSP Realty Trust presently has an average rating of “Buy” and a consensus target price of $15.50.

Franklin BSP Realty Trust Trading Down 0.9 %

Shares of FBRT stock opened at $12.33 on Tuesday. Franklin BSP Realty Trust has a 1-year low of $11.99 and a 1-year high of $14.11. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 15.04 and a beta of 1.39. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45. The stock has a 50 day simple moving average of $12.87 and a 200-day simple moving average of $12.99.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in Franklin BSP Realty Trust by 13.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,561 shares of the company’s stock worth $410,000 after purchasing an additional 3,886 shares during the period. Marble Harbor Investment Counsel LLC acquired a new position in Franklin BSP Realty Trust during the second quarter worth $189,000. Concorde Asset Management LLC purchased a new position in Franklin BSP Realty Trust in the second quarter worth $187,000. AE Wealth Management LLC raised its position in Franklin BSP Realty Trust by 91.8% in the second quarter. AE Wealth Management LLC now owns 30,597 shares of the company’s stock worth $387,000 after acquiring an additional 14,641 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Franklin BSP Realty Trust by 16.8% in the second quarter. Sei Investments Co. now owns 26,954 shares of the company’s stock valued at $340,000 after acquiring an additional 3,873 shares during the period. 59.87% of the stock is owned by institutional investors and hedge funds.

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).