Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Given Consensus Rating of "Buy" by 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 currently covering the company, Marketbeat Ratings reports. Five research 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 analysts that have issued a report on the stock in the last year is $15.30.

Several brokerages have issued reports on FBRT. JMP Securities restated 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. Jones Trading lowered their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Citigroup restated an "outperform" rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th.

Franklin BSP Realty Trust Trading Up 0.8%

Shares of Franklin BSP Realty Trust stock traded up $0.09 during trading hours on Thursday, hitting $10.88. The company's stock had a trading volume of 1,101,209 shares, compared to its average volume of 409,771. Franklin BSP Realty Trust has a 12 month low of $10.50 and a 12 month high of $14.12. The stock has a 50 day moving average of $11.17 and a 200 day moving average of $12.19. The company has a market capitalization of $894.03 million, a PE ratio of 15.99 and a beta of 1.05. The company has a debt-to-equity ratio of 3.19, a current ratio of 77.38 and a quick ratio of 77.38.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be issued a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 13.06%. Franklin BSP Realty Trust's payout ratio is presently 208.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FBRT. Quarry LP bought a new position in shares of Franklin BSP Realty Trust during the fourth quarter worth about $32,000. Central Pacific Bank Trust Division bought a new position in shares of Franklin BSP Realty Trust during the first quarter worth about $32,000. AlphaQuest LLC bought a new position in shares of Franklin BSP Realty Trust during the first quarter worth about $32,000. Tortoise Investment Management LLC bought a new position in shares of Franklin BSP Realty Trust during the first quarter worth about $39,000. Finally, GAMMA Investing LLC grew its holdings in shares of Franklin BSP Realty Trust by 1,683.5% during the first quarter. GAMMA Investing LLC now owns 4,637 shares of the company's stock worth $59,000 after buying an additional 4,377 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

Franklin BSP Realty Trust Company Profile

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).