Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Given Average Recommendation of "Buy" by Brokerages

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

FBRT has been the subject of several recent research reports. Jones Trading reduced their price target on Franklin BSP Realty Trust from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday. JMP Securities reiterated a "market outperform" rating and issued a $15.00 target price on shares of Franklin BSP Realty Trust in a research note on Tuesday, April 29th.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock opened at $10.87 on Friday. The company has a current ratio of 81.24, a quick ratio of 81.24 and a debt-to-equity ratio of 3.21. The stock's fifty day moving average price is $10.79 and its 200-day moving average price is $11.74. The firm has a market cap of $893.97 million, a P/E ratio of 11.09 and a beta of 1.01. Franklin BSP Realty Trust has a 12 month low of $9.79 and a 12 month high of $13.74.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Monday, June 30th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 13.1%. The ex-dividend date was Monday, June 30th. Franklin BSP Realty Trust's dividend payout ratio is currently 144.90%.

Institutional Trading of Franklin BSP Realty Trust

A number of institutional investors have recently made changes to their positions in the business. CWM LLC raised its stake in Franklin BSP Realty Trust by 126.7% in the second quarter. CWM LLC now owns 2,428 shares of the company's stock valued at $26,000 after buying an additional 1,357 shares during the last quarter. Quarry LP acquired a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at about $32,000. Central Pacific Bank Trust Division acquired a new position in shares of Franklin BSP Realty Trust during the first quarter valued at about $32,000. AlphaQuest LLC purchased a new position in shares of Franklin BSP Realty Trust in the 1st quarter valued at approximately $32,000. Finally, Tortoise Investment Management LLC acquired a new stake in Franklin BSP Realty Trust in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds 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).

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