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

Key Points

• Franklin BSP Realty Trust, Inc. has received a consensus recommendation of "Buy" from six research firms, with an average 12-month price target of $14.67.
• The company recently announced a quarterly dividend of $0.355 per share, representing an annualized dividend yield of 12.8%.
• Shares of FBRT have shown a modest increase of 1.0%, trading at $11.09 during midday trading on Friday.

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.6667.

Several brokerages have commented on FBRT. Weiss Ratings reiterated a "hold (c-)" rating on shares of Franklin BSP Realty Trust in a report on Saturday, September 27th. Jones Trading decreased their target price 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, August 6th.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of FBRT. Cetera Investment Advisers lifted its stake in shares of Franklin BSP Realty Trust by 0.9% during the 1st quarter. Cetera Investment Advisers now owns 120,972 shares of the company's stock valued at $1,541,000 after buying an additional 1,114 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in Franklin BSP Realty Trust by 9.7% in the first quarter. Coppell Advisory Solutions LLC now owns 12,860 shares of the company's stock worth $149,000 after buying an additional 1,138 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Franklin BSP Realty Trust by 6.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,108 shares of the company's stock worth $226,000 after purchasing an additional 1,229 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Franklin BSP Realty Trust by 7.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 17,766 shares of the company's stock worth $190,000 after buying an additional 1,259 shares in the last quarter. Finally, CWM LLC increased its position in Franklin BSP Realty Trust by 126.7% during the second quarter. CWM LLC now owns 2,428 shares of the company's stock valued at $26,000 after acquiring an additional 1,357 shares during the last quarter. 59.87% of the stock is owned by institutional investors.

Franklin BSP Realty Trust Stock Up 1.0%

Shares of NYSE:FBRT traded up $0.12 during midday trading on Friday, reaching $11.09. The company had a trading volume of 765,402 shares, compared to its average volume of 510,458. The company has a debt-to-equity ratio of 3.21, a current ratio of 81.24 and a quick ratio of 81.24. Franklin BSP Realty Trust has a one year low of $9.79 and a one year high of $13.58. The stock's fifty day moving average price is $11.12 and its 200-day moving average price is $11.24. The stock has a market capitalization of $912.07 million, a P/E ratio of 11.31 and a beta of 1.03.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be issued a $0.355 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.8%. Franklin BSP Realty Trust's dividend payout ratio is 144.90%.

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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