Brokerages Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Target Price at $15.30

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has received an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment 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 analysts that have updated their coverage on the stock in the last year is $15.30.

Several research firms have recently commented on FBRT. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th. Jones Trading decreased their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $15.00 price objective on shares of Franklin BSP Realty Trust in a report on Tuesday, April 29th.

Franklin BSP Realty Trust Stock Up 0.8%

NYSE:FBRT opened at $10.88 on Thursday. The firm has a market capitalization of $894.03 million, a PE ratio of 15.99 and a beta of 1.05. The stock has a 50 day moving average of $11.17 and a 200-day moving average of $12.19. Franklin BSP Realty Trust has a 52 week low of $10.50 and a 52 week high of $14.12. The company has a current ratio of 77.38, a quick ratio of 77.38 and a debt-to-equity ratio of 3.19.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date is Monday, June 30th. Franklin BSP Realty Trust’s payout ratio is currently 208.82%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in shares of Franklin BSP Realty Trust by 0.9% during the 1st quarter. Cetera Investment Advisers now owns 120,972 shares of the company’s stock valued at $1,541,000 after acquiring an additional 1,114 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of Franklin BSP Realty Trust by 9.7% during the 1st quarter. Coppell Advisory Solutions LLC now owns 12,860 shares of the company’s stock valued at $149,000 after acquiring an additional 1,138 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Franklin BSP Realty Trust by 6.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 20,877 shares of the company’s stock valued at $262,000 after acquiring an additional 1,238 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Franklin BSP Realty Trust by 3.6% during the 1st quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock valued at $502,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Shorepoint Capital Partners LLC lifted its holdings in shares of Franklin BSP Realty Trust by 2.8% in the fourth quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company’s stock valued at $645,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds 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).