JMP Securities Reiterates Market Outperform Rating for Franklin BSP Realty Trust (NYSE:FBRT)

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report)'s stock had its "market outperform" rating reissued by analysts at JMP Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $15.00 price target on the stock. JMP Securities' price target points to a potential upside of 30.96% from the stock's current price.

Other analysts have also issued reports about the company. Citigroup restated an "outperform" rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th. B. Riley upgraded Franklin BSP Realty Trust to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Jones Trading reaffirmed a "buy" rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Franklin BSP Realty Trust presently has a consensus rating of "Buy" and a consensus price target of $15.30.

Franklin BSP Realty Trust Trading Up 0.9 %

FBRT stock traded up $0.10 during midday trading on Tuesday, hitting $11.45. 516,526 shares of the company's stock were exchanged, compared to its average volume of 376,636. Franklin BSP Realty Trust has a one year low of $10.50 and a one year high of $14.12. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89. The company has a market cap of $957.98 million, a PE ratio of 13.80 and a beta of 1.14. The stock's fifty day moving average price is $12.31 and its 200-day moving average price is $12.67.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. The business had revenue of $55.95 million during the quarter, compared to analyst estimates of $49.28 million. Research analysts predict that Franklin BSP Realty Trust will post 1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Gratia Capital LLC increased its position in Franklin BSP Realty Trust by 110.0% during the fourth quarter. Gratia Capital LLC now owns 622,622 shares of the company's stock worth $7,808,000 after buying an additional 326,122 shares during the last quarter. GraniteShares Advisors LLC bought a new position in shares of Franklin BSP Realty Trust during the 4th quarter worth approximately $2,475,000. Strong Tower Advisory Services increased its holdings in shares of Franklin BSP Realty Trust by 16.3% during the 1st quarter. Strong Tower Advisory Services now owns 1,345,488 shares of the company's stock worth $17,142,000 after acquiring an additional 188,377 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Franklin BSP Realty Trust by 84.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 362,451 shares of the company's stock valued at $4,545,000 after acquiring an additional 165,981 shares during the period. Finally, Northern Trust Corp lifted its holdings in Franklin BSP Realty Trust by 17.5% during the 4th quarter. Northern Trust Corp now owns 958,564 shares of the company's stock valued at $12,020,000 after purchasing an additional 142,437 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).