Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives Consensus Rating of "Buy" from Analysts

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) have earned a consensus rating of "Buy" from the seven research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $15.30.

Several equities research analysts have issued reports on FBRT shares. JMP Securities restated a "market outperform" rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Jones Trading cut their price objective on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th.

Franklin BSP Realty Trust Trading Down 1.0%

Shares of NYSE:FBRT opened at $10.94 on Monday. Franklin BSP Realty Trust has a 52-week low of $10.50 and a 52-week high of $14.12. The company has a market capitalization of $899.43 million, a P/E ratio of 16.09 and a beta of 1.04. The company has a 50-day simple moving average of $11.03 and a 200 day simple moving average of $11.98. The company has a debt-to-equity ratio of 3.19, a quick ratio of 77.38 and a current ratio of 77.38.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, June 30th. This represents a $1.42 annualized dividend and a dividend yield of 12.98%. Franklin BSP Realty Trust's dividend payout ratio is presently 208.82%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Franklin BSP Realty Trust during the fourth quarter worth approximately $32,000. Central Pacific Bank Trust Division bought a new position in Franklin BSP Realty Trust in the first quarter valued at approximately $32,000. AlphaQuest LLC bought a new position in Franklin BSP Realty Trust in the first quarter valued at approximately $32,000. Tortoise Investment Management LLC bought a new position in Franklin BSP Realty Trust in the first quarter valued at approximately $39,000. Finally, GAMMA Investing LLC increased its stake in Franklin BSP Realty Trust by 1,683.5% in the first quarter. GAMMA Investing LLC now owns 4,637 shares of the company's stock valued at $59,000 after acquiring an additional 4,377 shares during the last quarter. 59.87% of the stock is owned by institutional investors.

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).

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