Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Given Average Rating of “Buy” by Analysts

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.8750.

Separately, Jones Trading dropped their price target on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th.

Franklin BSP Realty Trust Price Performance

Franklin BSP Realty Trust stock opened at $11.56 on Tuesday. The company’s fifty day moving average price is $10.87 and its 200 day moving average price is $11.54. Franklin BSP Realty Trust has a 1 year low of $9.79 and a 1 year high of $13.74. The stock has a market capitalization of $950.75 million, a P/E ratio of 11.79 and a beta of 1.04. The company has a debt-to-equity ratio of 3.21, a quick ratio of 81.24 and a current ratio of 81.24.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 30th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend was Monday, June 30th. Franklin BSP Realty Trust’s payout ratio is 144.90%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in Franklin BSP Realty Trust by 126.7% during the 2nd quarter. CWM LLC now owns 2,428 shares of the company’s stock worth $26,000 after purchasing an additional 1,357 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Franklin BSP Realty Trust during the 1st quarter valued at about $32,000. AlphaQuest LLC acquired a new position in shares of Franklin BSP Realty Trust during the 1st quarter valued at about $32,000. Quarry LP acquired a new position in shares of Franklin BSP Realty Trust during the 4th quarter valued at about $32,000. Finally, Tortoise Investment Management LLC acquired a new position in shares of Franklin BSP Realty Trust during the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

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).