Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives $15.50 Consensus PT from Brokerages

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

Several equities research analysts recently weighed in on FBRT shares. Janney Montgomery Scott assumed coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a "buy" rating and a $16.00 target price for the company. B. Riley raised Franklin BSP Realty Trust to a "strong-buy" rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Hedge funds have recently made changes to their positions in the business. Strong Tower Advisory Services lifted its stake in Franklin BSP Realty Trust by 28.7% in the third quarter. Strong Tower Advisory Services now owns 1,055,160 shares of the company's stock worth $13,780,000 after acquiring an additional 235,548 shares during the period. GraniteShares Advisors LLC bought a new position in Franklin BSP Realty Trust in the 4th quarter worth $2,475,000. Charles Schwab Investment Management Inc. lifted its position in shares of Franklin BSP Realty Trust by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock worth $14,584,000 after purchasing an additional 136,687 shares during the period. State Street Corp boosted its stake in shares of Franklin BSP Realty Trust by 3.6% during the 3rd quarter. State Street Corp now owns 3,359,241 shares of the company's stock valued at $45,059,000 after purchasing an additional 116,589 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Franklin BSP Realty Trust by 16.8% during the fourth quarter. Van ECK Associates Corp now owns 725,963 shares of the company's stock valued at $9,104,000 after buying an additional 104,599 shares during the period. 59.87% of the stock is owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Trading Down 1.2 %

NYSE FBRT traded down $0.16 during trading on Tuesday, hitting $12.82. 338,540 shares of the company's stock traded hands, compared to its average volume of 382,990. The stock has a fifty day moving average of $12.70 and a two-hundred day moving average of $12.94. Franklin BSP Realty Trust has a 12-month low of $11.96 and a 12-month high of $14.11. The firm has a market cap of $1.05 billion, a P/E ratio of 15.63 and a beta of 1.39. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend was Tuesday, December 31st. Franklin BSP Realty Trust's dividend payout ratio (DPR) is currently 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).