JMP Securities Reaffirms "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 reiterated by investment analysts at JMP Securities in a report released on Tuesday,Benzinga reports. They presently have a $15.00 price objective on the stock. JMP Securities' price objective points to a potential upside of 30.66% from the stock's current price.

Other equities analysts have also issued reports about the stock. Citigroup reaffirmed an "outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Jones Trading reiterated 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. Finally, B. Riley upgraded Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $15.50.

Franklin BSP Realty Trust Stock Down 1.4 %

Shares of FBRT traded down $0.16 during trading hours on Tuesday, hitting $11.48. The company had a trading volume of 463,037 shares, compared to its average volume of 449,023. Franklin BSP Realty Trust has a one year low of $10.50 and a one year high of $14.11. The company's fifty day moving average price is $12.44 and its two-hundred day moving average price is $12.71. The company has a market capitalization of $960.15 million, a PE ratio of 13.83 and a beta of 1.14. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42.

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, topping analysts' consensus estimates of $0.27 by $0.01. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. The firm had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. As a group, equities analysts forecast that Franklin BSP Realty Trust will post 1.41 earnings per share for the current fiscal year.

Institutional Trading of Franklin BSP Realty Trust

A number of institutional investors have recently made changes to their positions in the company. Strong Tower Advisory Services lifted its stake in Franklin BSP Realty Trust by 16.3% in the 1st quarter. Strong Tower Advisory Services now owns 1,345,488 shares of the company's stock worth $17,142,000 after purchasing an additional 188,377 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Franklin BSP Realty Trust by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock valued at $14,584,000 after acquiring an additional 136,687 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Franklin BSP Realty Trust by 7.1% in the fourth quarter. Invesco Ltd. now owns 1,137,128 shares of the company's stock valued at $14,260,000 after purchasing an additional 75,240 shares during the period. Northern Trust Corp increased its position in Franklin BSP Realty Trust by 17.5% during the fourth quarter. Northern Trust Corp now owns 958,564 shares of the company's stock worth $12,020,000 after purchasing an additional 142,437 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Franklin BSP Realty Trust by 10.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 801,871 shares of the company's stock valued at $10,055,000 after purchasing an additional 72,621 shares during the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.