Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives $14.88 Consensus PT from Analysts

Key Points

• Franklin BSP Realty Trust, Inc. has received an average recommendation of "Buy" from six brokerages, with the price target set at approximately $14.88.
• A recent quarterly dividend was announced, yielding 12.3% with an annualized dividend of $1.42, although the company has a high payout ratio of 144.90%.
• Institutional investors hold a significant stake in the company, with hedge funds owning 59.87% of Franklin BSP Realty Trust's shares.

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) has been given a consensus recommendation of "Buy" by the six analysts that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.8750.

Separately, Jones Trading reduced their target price on Franklin BSP Realty Trust from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th.

Institutional Trading of Franklin BSP Realty Trust

Several large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its stake in shares of Franklin BSP Realty Trust by 0.9% in the 1st quarter. Cetera Investment Advisers now owns 120,972 shares of the company's stock valued at $1,541,000 after purchasing an additional 1,114 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of Franklin BSP Realty Trust by 9.7% in the 1st quarter. Coppell Advisory Solutions LLC now owns 12,860 shares of the company's stock valued at $149,000 after acquiring an additional 1,138 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Franklin BSP Realty Trust by 6.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,108 shares of the company's stock worth $226,000 after buying an additional 1,229 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in Franklin BSP Realty Trust by 7.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 17,766 shares of the company's stock worth $190,000 after buying an additional 1,259 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Franklin BSP Realty Trust by 126.7% in the 2nd quarter. CWM LLC now owns 2,428 shares of the company's stock valued at $26,000 after purchasing an additional 1,357 shares during the last quarter. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Stock Performance

NYSE:FBRT traded up $0.19 during trading hours on Tuesday, reaching $11.55. The company had a trading volume of 441,440 shares, compared to its average volume of 429,187. The company has a debt-to-equity ratio of 3.21, a current ratio of 81.24 and a quick ratio of 81.24. The firm has a market cap of $950.42 million, a PE ratio of 11.79 and a beta of 1.04. The business's 50 day moving average price is $10.89 and its 200-day moving average price is $11.54. Franklin BSP Realty Trust has a 1-year low of $9.79 and a 1-year high of $13.74.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 30th were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 12.3%. The ex-dividend date was Monday, June 30th. Franklin BSP Realty Trust's dividend payout ratio is presently 144.90%.

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).