Brokerages Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Price Target at $15.50

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) has received a consensus rating of "Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $15.50.

Several equities research analysts have recently commented on FBRT shares. Janney Montgomery Scott initiated coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a "buy" rating and a $16.00 target price for the company. Raymond James increased their price objective on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a "strong-buy" rating in a research note on Thursday, September 19th. Finally, B. Riley raised Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Franklin BSP Realty Trust by 42.9% in the 3rd quarter. FMR LLC now owns 2,623 shares of the company's stock worth $34,000 after purchasing an additional 787 shares during the last quarter. Fairscale Capital LLC bought a new position in Franklin BSP Realty Trust in the 2nd quarter valued at approximately $41,000. KBC Group NV raised its stake in shares of Franklin BSP Realty Trust by 51.6% in the third quarter. KBC Group NV now owns 4,664 shares of the company's stock worth $61,000 after purchasing an additional 1,588 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Franklin BSP Realty Trust during the third quarter valued at $168,000. Finally, Concorde Asset Management LLC purchased a new stake in shares of Franklin BSP Realty Trust during the second quarter valued at $187,000. 59.87% of the stock is currently owned by institutional investors.

Franklin BSP Realty Trust Trading Down 2.0 %

Shares of NYSE:FBRT traded down $0.25 during trading on Friday, reaching $12.08. The stock had a trading volume of 657,908 shares, compared to its average volume of 391,818. Franklin BSP Realty Trust has a 52 week low of $11.99 and a 52 week high of $14.11. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. The firm's fifty day moving average is $12.85 and its 200 day moving average is $12.98. The stock has a market cap of $988.64 million, a price-to-earnings ratio of 14.73 and a beta of 1.39.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.75%. The ex-dividend date is Tuesday, December 31st. Franklin BSP Realty Trust's payout ratio is 173.17%.

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).