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

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been assigned an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $15.30.

A number of analysts have weighed in on FBRT shares. Jones Trading reduced their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a report on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FBRT. Orion Portfolio Solutions LLC raised its stake in shares of Franklin BSP Realty Trust by 6.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 20,877 shares of the company’s stock valued at $262,000 after buying an additional 1,238 shares in the last quarter. Shorepoint Capital Partners LLC raised its position in Franklin BSP Realty Trust by 2.8% in the fourth quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company’s stock worth $645,000 after purchasing an additional 1,400 shares in the last quarter. Mutual Advisors LLC lifted its stake in Franklin BSP Realty Trust by 7.7% during the fourth quarter. Mutual Advisors LLC now owns 19,728 shares of the company’s stock worth $247,000 after purchasing an additional 1,402 shares during the period. Apollon Wealth Management LLC lifted its stake in Franklin BSP Realty Trust by 5.8% during the first quarter. Apollon Wealth Management LLC now owns 27,237 shares of the company’s stock worth $347,000 after purchasing an additional 1,496 shares during the period. Finally, Allworth Financial LP boosted its holdings in Franklin BSP Realty Trust by 3.2% during the fourth 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 in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Trading Up 0.9 %

Shares of NYSE FBRT opened at $11.45 on Wednesday. The stock has a market cap of $957.98 million, a price-to-earnings ratio of 13.80 and a beta of 1.14. The business has a 50 day simple moving average of $12.31 and a 200 day simple moving average of $12.67. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89. Franklin BSP Realty Trust has a 52 week low of $10.50 and a 52 week high of $14.12.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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 company had revenue of $55.95 million for the quarter, compared to analyst estimates of $49.28 million. On average, research analysts predict that Franklin BSP Realty Trust will post 1.41 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a $0.355 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.40%. 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).