Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Stock Has Average Price Target of $11.00 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Franklin BSP Realty Trust, with three buys, one hold and two sells. The average 12-month price target is $11.00, versus the stock’s reported opening price of $6.01.
• FBRT reported a quarterly loss of $0.02 per share, missing the $0.25 consensus estimate, while revenue of $22.11 million was well below the $72.54 million expectation.
• The company paid a quarterly dividend of $0.20, equivalent to $0.80 annually and a reported 13.3% yield; institutional investors own approximately 59.87% of outstanding shares.

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) has been given a consensus recommendation of "Hold" by the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.00.

Several brokerages have recently issued reports on FBRT. JonesTrading reiterated a "buy" rating and issued a $12.00 target price on shares of Franklin BSP Realty Trust in a research note on Friday, September 11th. UBS Group set a $10.00 target price on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. Citizens Jmp restated a "market outperform" rating and set a $11.00 price objective on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. BTIG Research cut shares of Franklin BSP Realty Trust from a "buy" rating to a "neutral" rating in a research note on Friday, September 18th. Finally, Zacks Research cut Franklin BSP Realty Trust from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 28th.

Franklin BSP Realty Trust Price Performance

FBRT stock opened at $6.01 on Monday. Franklin BSP Realty Trust has a 12-month low of $5.90 and a 12-month high of $10.82. The company has a 50 day moving average of $7.13 and a two-hundred day moving average of $8.36. The company has a market cap of $454.78 million, a price-to-earnings ratio of -75.12 and a beta of 1.10. The company has a quick ratio of 83.00, a current ratio of 83.00 and a debt-to-equity ratio of 3.60.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.27). The firm had revenue of $22.11 million during the quarter, compared to the consensus estimate of $72.54 million. Franklin BSP Realty Trust had a net margin of 6.38% and a return on equity of 4.30%. On average, equities analysts anticipate that Franklin BSP Realty Trust will post 0.73 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th were given a $0.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 13.3%. Franklin BSP Realty Trust's payout ratio is presently -1,000.00%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of FBRT. PNC Financial Services Group Inc. grew its stake in shares of Franklin BSP Realty Trust by 15.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,054 shares of the company's stock worth $94,000 after purchasing an additional 1,480 shares during the period. Concorde Asset Management LLC grew its position in Franklin BSP Realty Trust by 10.5% during the second quarter. Concorde Asset Management LLC now owns 16,900 shares of the company's stock valued at $141,000 after acquiring an additional 1,600 shares during the period. Bessemer Group Inc. raised its stake in Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company's stock valued at $46,000 after buying an additional 2,684 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Franklin BSP Realty Trust by 42.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 16,553 shares of the company's stock worth $141,000 after acquiring an additional 4,946 shares during the period. Finally, KBC Group NV purchased a new stake in shares of Franklin BSP Realty Trust during the first quarter valued at $47,000. 59.87% of the stock is owned by institutional investors.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust NYSE: FBRT is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a diversified portfolio of commercial real estate debt investments, with an emphasis on loans secured by properties in the United States.

Its investment activities primarily include senior mortgage loans, subordinate and mezzanine loans, preferred equity investments and other debt-related instruments. The portfolio is designed to provide financing to owners and operators of commercial properties across sectors such as multifamily, office, industrial, retail, hospitality and other specialty real estate.

Franklin BSP Realty Trust was formerly known as Benefit Street Partners Realty Trust and operates under the Franklin BSP platform.

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