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

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.50.

Several equities research analysts have recently weighed in on FBRT shares. Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued a “buy” rating and a $16.00 price objective for the company. B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th.

Franklin BSP Realty Trust Stock Up 0.5 %

Shares of NYSE FBRT opened at $12.88 on Tuesday. The stock has a market cap of $1.05 billion, a PE ratio of 15.70 and a beta of 1.39. Franklin BSP Realty Trust has a 52-week low of $11.96 and a 52-week high of $14.11. The business has a 50-day moving average price of $12.69 and a 200 day moving average price of $12.93. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.03%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 173.17%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Large investors have recently bought and sold shares of the company. Moors & Cabot Inc. raised its holdings in Franklin BSP Realty Trust by 22.4% during the fourth quarter. Moors & Cabot Inc. now owns 20,958 shares of the company’s stock worth $263,000 after purchasing an additional 3,841 shares in the last quarter. Amundi boosted its stake in shares of Franklin BSP Realty Trust by 174.5% in the fourth quarter. Amundi now owns 39,545 shares of the company’s stock valued at $488,000 after buying an additional 25,139 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Franklin BSP Realty Trust during the fourth quarter worth $859,000. Charles Schwab Investment Management Inc. raised its position in Franklin BSP Realty Trust by 13.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company’s stock worth $14,584,000 after acquiring an additional 136,687 shares in the last quarter. Finally, GraniteShares Advisors LLC acquired a new stake in Franklin BSP Realty Trust in the fourth quarter valued at $2,475,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

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).