Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.30.
FBRT has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Jones Trading decreased their price objective 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, April 29th. Finally, Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th.
Check Out Our Latest Analysis on Franklin BSP Realty Trust
Institutional Investors Weigh In On Franklin BSP Realty Trust
Franklin BSP Realty Trust Price Performance
Shares of FBRT opened at $10.92 on Thursday. The company has a debt-to-equity ratio of 3.19, a quick ratio of 77.38 and a current ratio of 77.38. The stock has a 50 day simple moving average of $11.17 and a 200 day simple moving average of $12.18. Franklin BSP Realty Trust has a 52-week low of $10.50 and a 52-week high of $14.12. The firm has a market capitalization of $898.06 million, a PE ratio of 16.06 and a beta of 1.06.
Franklin BSP Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 13.00%. The ex-dividend date is Monday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 208.82%.
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).
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