Analysts Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Target Price at $14.67

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has earned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $14.6667.

A number of equities research analysts have recently weighed in on FBRT shares. Weiss Ratings restated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. Jones Trading dropped their price objective on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, August 6th.

Franklin BSP Realty Trust Stock Up 0.5%

Shares of NYSE:FBRT opened at $10.07 on Friday. Franklin BSP Realty Trust has a 12 month low of $9.71 and a 12 month high of $13.58. The firm has a market cap of $821.37 million, a P/E ratio of 12.58 and a beta of 1.00. The company has a quick ratio of 81.24, a current ratio of 81.24 and a debt-to-equity ratio of 3.21. The company’s 50-day moving average price is $10.58 and its two-hundred day moving average price is $10.86.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 30th were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Franklin BSP Realty Trust’s payout ratio is 177.50%.

Institutional Trading of Franklin BSP Realty Trust

A number of institutional investors have recently bought and sold shares of the business. CWM LLC lifted its stake in shares of Franklin BSP Realty Trust by 126.7% in the 2nd quarter. CWM LLC now owns 2,428 shares of the company’s stock valued at $26,000 after purchasing an additional 1,357 shares during the period. AlphaQuest LLC acquired a new position in Franklin BSP Realty Trust in the first quarter valued at about $32,000. Tortoise Investment Management LLC acquired a new position in Franklin BSP Realty Trust in the first quarter valued at about $39,000. Danske Bank A S bought a new position in Franklin BSP Realty Trust during the third quarter worth about $45,000. Finally, Transce3nd LLC acquired a new position in shares of Franklin BSP Realty Trust during the 2nd quarter worth about $46,000. 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).