Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives Consensus Rating of "Buy" from Brokerages

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.50.

FBRT has been the topic of several recent research reports. B. Riley upgraded Franklin BSP Realty Trust to a "strong-buy" rating in a report on Tuesday, January 7th. Jones Trading reiterated a "buy" rating and issued a $15.00 target price on shares of Franklin BSP Realty Trust in a report on Tuesday. Finally, Janney Montgomery Scott started coverage on shares of Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a "buy" rating and a $16.00 price target for the company.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in FBRT. State Street Corp boosted its stake in Franklin BSP Realty Trust by 3.6% during the third quarter. State Street Corp now owns 3,359,241 shares of the company's stock worth $45,059,000 after acquiring an additional 116,589 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Franklin BSP Realty Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company's stock worth $25,335,000 after purchasing an additional 9,428 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Franklin BSP Realty Trust by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock valued at $14,584,000 after buying an additional 136,687 shares in the last quarter. Strong Tower Advisory Services raised its stake in Franklin BSP Realty Trust by 9.7% during the fourth quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company's stock valued at $14,510,000 after buying an additional 101,951 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Franklin BSP Realty Trust by 7.1% in the fourth quarter. Invesco Ltd. now owns 1,137,128 shares of the company's stock worth $14,260,000 after acquiring an additional 75,240 shares in the last quarter. Hedge funds and other institutional investors own 59.87% of the company's stock.

Franklin BSP Realty Trust Trading Down 0.5 %

NYSE FBRT traded down $0.06 during mid-day trading on Tuesday, reaching $13.24. 172,949 shares of the stock were exchanged, compared to its average volume of 333,586. The stock has a market cap of $1.09 billion, a P/E ratio of 15.95 and a beta of 1.37. Franklin BSP Realty Trust has a one year low of $11.96 and a one year high of $14.12. The stock has a 50 day simple moving average of $12.82 and a 200-day simple moving average of $12.97. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45.

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Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $55.95 million for the quarter, compared to analyst estimates of $49.28 million. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. On average, analysts anticipate that Franklin BSP Realty Trust will post 1.41 EPS for the current year.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust's payout ratio is 171.08%.

Franklin BSP Realty Trust Company Profile

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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