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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) has been given an average rating of "Buy" by the seven ratings firms that are presently covering the stock, MarketBeat reports. Five 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 analysts that have updated their coverage on the stock in the last year is $15.30.

Several research analysts have weighed in on the stock. JMP Securities restated a "market outperform" rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Jones Trading lowered their price target on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th.

Franklin BSP Realty Trust Price Performance

FBRT traded down $0.16 on Monday, hitting $10.72. 510,644 shares of the company were exchanged, compared to its average volume of 429,784. The company has a debt-to-equity ratio of 3.19, a quick ratio of 77.38 and a current ratio of 77.38. The business's fifty day moving average is $11.00 and its 200 day moving average is $11.94. Franklin BSP Realty Trust has a fifty-two week low of $10.50 and a fifty-two week high of $14.12. The firm has a market capitalization of $881.13 million, a P/E ratio of 15.76 and a beta of 1.04.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Monday, June 30th were given a $0.355 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.42 annualized dividend and a dividend yield of 13.25%. Franklin BSP Realty Trust's dividend payout ratio is presently 208.82%.

Institutional Trading of Franklin BSP Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GraniteShares Advisors LLC grew its stake in Franklin BSP Realty Trust by 6.7% in the 2nd quarter. GraniteShares Advisors LLC now owns 224,121 shares of the company's stock worth $2,396,000 after acquiring an additional 14,003 shares during the period. Beacon Capital Management LLC grew its stake in Franklin BSP Realty Trust by 38.9% in the 2nd quarter. Beacon Capital Management LLC now owns 9,070 shares of the company's stock worth $97,000 after acquiring an additional 2,539 shares during the period. State of Alaska Department of Revenue grew its stake in Franklin BSP Realty Trust by 6.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 48,934 shares of the company's stock worth $522,000 after acquiring an additional 2,907 shares during the period. Magnus Financial Group LLC grew its stake in Franklin BSP Realty Trust by 29.9% in the 2nd quarter. Magnus Financial Group LLC now owns 38,416 shares of the company's stock worth $411,000 after acquiring an additional 8,841 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake in Franklin BSP Realty Trust by 100.0% in the 2nd quarter. Central Pacific Bank Trust Division now owns 5,000 shares of the company's stock worth $53,000 after acquiring an additional 2,500 shares during the period. 59.87% of the stock is owned by hedge funds and other 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).