Analysts Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) PT at $13.50

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $13.50.

FBRT has been the topic of a number of research analyst reports. JonesTrading dropped their price target on shares of Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Franklin BSP Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT stock opened at $9.00 on Friday. The company has a current ratio of 70.78, a quick ratio of 67.81 and a debt-to-equity ratio of 3.33. Franklin BSP Realty Trust has a 12-month low of $8.42 and a 12-month high of $13.58. The business’s 50 day moving average is $10.03 and its two-hundred day moving average is $10.52. The company has a market capitalization of $734.49 million, a P/E ratio of 14.06 and a beta of 0.98.

Franklin BSP Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 8.9%. The ex-dividend date is Tuesday, March 31st. Franklin BSP Realty Trust’s payout ratio is 221.88%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Franklin BSP Realty Trust by 3.6% during the first quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock worth $502,000 after purchasing an additional 1,378 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Franklin BSP Realty Trust during the 1st quarter worth $89,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Franklin BSP Realty Trust by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 153,474 shares of the company’s stock worth $1,955,000 after buying an additional 4,391 shares in the last quarter. CWM LLC raised its position 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 valued at $26,000 after buying an additional 1,357 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of Franklin BSP Realty Trust by 13.3% in the second quarter. Brookstone Capital Management now owns 13,841 shares of the company’s stock valued at $148,000 after buying an additional 1,628 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.