Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives $15.30 Consensus PT from Analysts

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) have been assigned an average recommendation of "Buy" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $15.30.

FBRT has been the topic of several analyst reports. B. Riley raised shares of Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities reissued a "market outperform" rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Citigroup reaffirmed an "outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Finally, Jones Trading dropped their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Hedge funds have recently bought and sold shares of the stock. Strong Tower Advisory Services lifted its holdings in Franklin BSP Realty Trust by 16.3% during the 1st quarter. Strong Tower Advisory Services now owns 1,345,488 shares of the company's stock worth $17,142,000 after purchasing an additional 188,377 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock worth $14,584,000 after buying an additional 136,687 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Franklin BSP Realty Trust by 7.1% during the fourth quarter. Invesco Ltd. now owns 1,137,128 shares of the company's stock worth $14,260,000 after buying an additional 75,240 shares in the last quarter. Northern Trust Corp boosted its position in shares of Franklin BSP Realty Trust by 17.5% in the fourth quarter. Northern Trust Corp now owns 958,564 shares of the company's stock valued at $12,020,000 after acquiring an additional 142,437 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Franklin BSP Realty Trust by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 801,871 shares of the company's stock valued at $10,055,000 after acquiring an additional 72,621 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Stock Down 1.3 %

Shares of Franklin BSP Realty Trust stock traded down $0.15 during trading on Wednesday, reaching $11.31. The stock had a trading volume of 45,053 shares, compared to its average volume of 453,701. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $945.52 million, a price-to-earnings ratio of 13.62 and a beta of 1.14. Franklin BSP Realty Trust has a 52 week low of $10.50 and a 52 week high of $14.11. The stock has a fifty day moving average price of $12.31 and a two-hundred day moving average price of $12.66.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $55.95 million during the quarter, compared to analysts' expectations of $49.28 million. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. Sell-side analysts predict that Franklin BSP Realty Trust will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were paid a $0.355 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 12.56%. Franklin BSP Realty Trust's dividend payout ratio (DPR) is currently 208.82%.

About Franklin BSP Realty Trust

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).