Brokerages Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Price Target at $15.30

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) have been given an average rating of "Buy" by the seven research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $15.30.

A number of analysts have recently weighed in on FBRT shares. Citigroup restated an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Jones Trading decreased their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a report on Tuesday, April 29th.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi boosted its holdings in Franklin BSP Realty Trust by 174.5% during the fourth quarter. Amundi now owns 39,545 shares of the company's stock worth $488,000 after buying an additional 25,139 shares during the last quarter. Deutsche Bank AG boosted its holdings in Franklin BSP Realty Trust by 51.0% during the fourth quarter. Deutsche Bank AG now owns 74,962 shares of the company's stock worth $940,000 after buying an additional 25,322 shares during the last quarter. Northern Trust Corp boosted its holdings in Franklin BSP Realty Trust by 17.5% during the fourth quarter. Northern Trust Corp now owns 958,564 shares of the company's stock worth $12,020,000 after buying an additional 142,437 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Franklin BSP Realty Trust by 132.5% during the fourth quarter. JPMorgan Chase & Co. now owns 156,515 shares of the company's stock worth $1,963,000 after buying an additional 89,189 shares during the last quarter. Finally, GraniteShares Advisors LLC bought a new position in Franklin BSP Realty Trust during the fourth quarter worth about $2,475,000. Institutional investors own 59.87% of the company's stock.

Franklin BSP Realty Trust Price Performance

Shares of NYSE:FBRT traded up $0.14 during midday trading on Friday, reaching $11.10. The company's stock had a trading volume of 343,060 shares, compared to its average volume of 388,849. Franklin BSP Realty Trust has a fifty-two week low of $10.50 and a fifty-two week high of $14.12. The company has a market capitalization of $912.18 million, a P/E ratio of 13.37 and a beta of 1.07. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. The business's fifty day simple moving average is $11.54 and its 200-day simple moving average is $12.42.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 12.80%. The ex-dividend date of this dividend was Monday, March 31st. 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).