Franklin BSP Realty Trust (NYSE:FBRT) Stock Rating Upgraded by B. Riley

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) was upgraded by equities research analysts at B. Riley to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on FBRT. Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a research note on Thursday, December 12th. They issued a "buy" rating and a $16.00 target price for the company. Raymond James boosted their price objective on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a "strong-buy" rating in a report on Thursday, September 19th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Franklin BSP Realty Trust has a consensus rating of "Buy" and an average target price of $15.50.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT traded down $0.25 during trading on Tuesday, reaching $12.08. The company 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 business's 50 day moving average price is $12.85 and its 200-day moving average price is $12.98. The stock has a market cap of $988.64 million, a PE ratio of 14.73 and a beta of 1.39. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Several institutional investors have recently modified their holdings of FBRT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Franklin BSP Realty Trust by 62.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,148 shares of the company's stock worth $1,621,000 after purchasing an additional 47,650 shares in the last quarter. Barclays PLC boosted its position in Franklin BSP Realty Trust by 22.0% during the third quarter. Barclays PLC now owns 136,534 shares of the company's stock valued at $1,784,000 after purchasing an additional 24,633 shares during the last quarter. Geode Capital Management LLC grew its stake in Franklin BSP Realty Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company's stock valued at $25,335,000 after purchasing an additional 9,428 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Franklin BSP Realty Trust by 35.2% during the 2nd quarter. Gabelli Funds LLC now owns 175,698 shares of the company's stock worth $2,214,000 after purchasing an additional 45,698 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company's stock worth $34,000 after purchasing an additional 787 shares in the last quarter. Institutional investors 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).