Franklin BSP Realty Trust’s (FBRT) “Market Outperform” Rating Reiterated at JMP Securities

Franklin BSP Realty Trust (NYSE:FBRT)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a report issued on Tuesday,Benzinga reports. They presently have a $15.00 price objective on the stock. JMP Securities’ price target indicates a potential upside of 31.58% from the company’s previous close.

Several other equities analysts also recently issued reports on the company. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Jones Trading reissued a “buy” rating and issued a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. Finally, Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $15.30.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $11.40 on Tuesday. Franklin BSP Realty Trust has a 12 month low of $10.50 and a 12 month high of $14.12. The stock has a fifty day moving average price of $12.38 and a 200-day moving average price of $12.69. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42. The firm has a market cap of $953.46 million, a PE ratio of 13.73 and a beta of 1.14.

Franklin BSP Realty Trust (NYSE:FBRT) last released its earnings results 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 firm had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. Equities 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBRT. Barclays PLC grew its position in shares of Franklin BSP Realty Trust by 22.0% during the 3rd quarter. Barclays PLC now owns 136,534 shares of the company’s stock valued at $1,784,000 after acquiring an additional 24,633 shares during the period. Strong Tower Advisory Services grew its position in shares of Franklin BSP Realty Trust by 9.7% during the 4th quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company’s stock valued at $14,510,000 after acquiring an additional 101,951 shares during the period. Mutual Advisors LLC grew its position in shares of Franklin BSP Realty Trust by 7.7% during the 4th quarter. Mutual Advisors LLC now owns 19,728 shares of the company’s stock valued at $247,000 after acquiring an additional 1,402 shares during the period. Costello Asset Management INC acquired a new stake in shares of Franklin BSP Realty Trust during the 4th quarter valued at about $58,000. Finally, Hodges Capital Management Inc. grew its position in shares of Franklin BSP Realty Trust by 49.8% during the 4th quarter. Hodges Capital Management Inc. now owns 21,692 shares of the company’s stock valued at $272,000 after acquiring an additional 7,216 shares during the period. 59.87% of the stock is owned by institutional investors and hedge funds.

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).