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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) has been given an average recommendation of "Buy" by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.30.

A number of analysts have weighed in on FBRT shares. Jones Trading cut their price objective on shares of 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. Citigroup reaffirmed an "outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Finally, JMP Securities reiterated a "market outperform" rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday, April 29th.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Large investors have recently modified their holdings of the company. Allworth Financial LP raised its position in Franklin BSP Realty Trust by 3.2% in the 4th quarter. Allworth Financial LP now owns 48,183 shares of the company's stock valued at $599,000 after purchasing an additional 1,501 shares during the last quarter. Principal Financial Group Inc. increased its stake in Franklin BSP Realty Trust by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 396,888 shares of the company's stock valued at $4,977,000 after purchasing an additional 11,138 shares during the period. GraniteShares Advisors LLC purchased a new stake in shares of Franklin BSP Realty Trust in the fourth quarter valued at about $2,475,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Franklin BSP Realty Trust by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock worth $14,584,000 after buying an additional 136,687 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Franklin BSP Realty Trust during the fourth quarter worth about $859,000. 59.87% of the stock is owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Stock Up 1.0%

FBRT stock traded up $0.11 during trading on Thursday, hitting $10.79. 517,499 shares of the company's stock were exchanged, compared to its average volume of 409,805. The business has a 50-day moving average price of $11.17 and a two-hundred day moving average price of $12.23. The company has a current ratio of 77.38, a quick ratio of 77.38 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $886.85 million, a price-to-earnings ratio of 15.86 and a beta of 1.05. Franklin BSP Realty Trust has a 52-week low of $10.50 and a 52-week high of $14.12.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 13.16%. The ex-dividend date of this dividend is Monday, June 30th. Franklin BSP Realty Trust's dividend payout ratio is currently 208.82%.

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).