Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Stock Has Consensus Price Target of $11.00

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has been given an average recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $10.75.

FBRT has been the topic of a number of recent research reports. UBS Group set a $10.00 price objective on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. BTIG Research downgraded Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a report on Friday, September 18th. Zacks Research cut Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 28th. B. Riley Financial cut their target price on Franklin BSP Realty Trust from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday. Finally, JonesTrading restated a “buy” rating and set a $12.00 price target on shares of Franklin BSP Realty Trust in a report on Friday, September 11th.

Franklin BSP Realty Trust Stock Up 4.0%

NYSE:FBRT opened at $6.44 on Monday. The firm’s 50-day moving average price is $7.00 and its 200-day moving average price is $8.31. The company has a market capitalization of $487.09 million, a PE ratio of 15.48 and a beta of 1.10. The company has a debt-to-equity ratio of 3.60, a current ratio of 83.00 and a quick ratio of 83.00. Franklin BSP Realty Trust has a 1-year low of $5.90 and a 1-year high of $10.82.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.27). Franklin BSP Realty Trust had a return on equity of 4.30% and a net margin of 6.38%. The business had revenue of $22.11 million during the quarter, compared to the consensus estimate of $72.54 million. On average, equities analysts predict that Franklin BSP Realty Trust will post 0.73 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is -1,000.00%.

Institutional Trading of Franklin BSP Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Independent Financial Group LLC bought a new position in Franklin BSP Realty Trust in the 1st quarter valued at approximately $1,117,000. Gamco Investors INC. ET AL raised its stake in shares of Franklin BSP Realty Trust by 64.3% in the first quarter. Gamco Investors INC. ET AL now owns 188,917 shares of the company’s stock worth $1,604,000 after purchasing an additional 73,955 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Franklin BSP Realty Trust during the second quarter valued at $564,000. Q Global Advisors LLC increased its holdings in Franklin BSP Realty Trust by 32.1% in the 1st quarter. Q Global Advisors LLC now owns 398,078 shares of the company’s stock worth $3,380,000 after buying an additional 96,723 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Franklin BSP Realty Trust by 25.0% in the 1st quarter. Jennison Associates LLC now owns 126,193 shares of the company’s stock worth $1,071,000 after buying an additional 25,262 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a diversified portfolio of commercial real estate debt investments, with an emphasis on loans secured by properties in the United States.

Its investment activities primarily include senior mortgage loans, subordinate and mezzanine loans, preferred equity investments and other debt-related instruments. The portfolio is designed to provide financing to owners and operators of commercial properties across sectors such as multifamily, office, industrial, retail, hospitality and other specialty real estate.

Franklin BSP Realty Trust was formerly known as Benefit Street Partners Realty Trust and operates under the Franklin BSP platform.