Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Receives Average Rating of “Buy” from Brokerages

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been given an average rating of “Buy” by the six research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.8750.

Separately, Jones Trading lowered their price target on shares of 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.

Institutional Trading of Franklin BSP Realty Trust

Institutional investors have recently modified their holdings of the business. CWM LLC grew its stake in shares of Franklin BSP Realty Trust by 126.7% in the second quarter. CWM LLC now owns 2,428 shares of the company’s stock worth $26,000 after purchasing an additional 1,357 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Franklin BSP Realty Trust in the first quarter worth $32,000. Quarry LP bought a new stake in shares of Franklin BSP Realty Trust in the fourth quarter worth $32,000. AlphaQuest LLC bought a new stake in shares of Franklin BSP Realty Trust in the first quarter worth $32,000. Finally, Tortoise Investment Management LLC bought a new stake in shares of Franklin BSP Realty Trust in the first quarter worth $39,000. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Up 0.0%

Shares of NYSE:FBRT opened at $11.67 on Tuesday. The company has a fifty day moving average of $10.92 and a 200-day moving average of $11.50. The company has a market capitalization of $959.80 million, a PE ratio of 11.90 and a beta of 1.04. The company has a debt-to-equity ratio of 3.21, a quick ratio of 81.24 and a current ratio of 81.24. Franklin BSP Realty Trust has a 52-week low of $9.79 and a 52-week high of $13.74.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Monday, June 30th were paid a $0.355 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.42 annualized dividend and a dividend yield of 12.2%. Franklin BSP Realty Trust’s payout ratio is currently 144.90%.

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).