Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet 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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strong Tower Advisory Services raised its stake 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 purchasing an additional 188,377 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Franklin BSP Realty Trust by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,244,760 shares of the company’s stock worth $15,858,000 after purchasing an additional 81,783 shares in the last quarter. Invesco Ltd. raised its stake in shares of Franklin BSP Realty Trust by 7.1% during the 4th quarter. Invesco Ltd. now owns 1,137,128 shares of the company’s stock worth $14,260,000 after purchasing an additional 75,240 shares in the last quarter. Northern Trust Corp raised its stake in Franklin BSP Realty Trust by 17.5% in the 4th quarter. Northern Trust Corp now owns 958,564 shares of the company’s stock valued at $12,020,000 after acquiring an additional 142,437 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Franklin BSP Realty Trust by 11.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,249 shares of the company’s stock valued at $11,342,000 after acquiring an additional 88,378 shares during the period. Institutional investors own 59.87% of the company’s stock.

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

(Get Free Report

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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Analyst Recommendations for Franklin BSP Realty Trust (NYSE:FBRT)

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