Franklin BSP Realty Trust (NYSE:FBRT) Earns Buy Rating from Jones Trading

Jones Trading reissued their buy rating on shares of Franklin BSP Realty Trust (NYSE:FBRT) in a research report released on Tuesday,Benzinga reports. They currently have a $15.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the company. 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 price objective on the stock. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Franklin BSP Realty Trust currently has an average rating of “Buy” and a consensus target price of $15.50.

Franklin BSP Realty Trust Trading Down 0.5 %

Shares of Franklin BSP Realty Trust stock opened at $13.12 on Tuesday. Franklin BSP Realty Trust has a 52-week low of $11.96 and a 52-week high of $14.12. The stock’s 50-day simple moving average is $12.86 and its 200 day simple moving average is $12.97. The stock has a market capitalization of $1.08 billion, a P/E ratio of 15.80 and a beta of 1.37. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. The business had revenue of $55.95 million for the quarter, compared to analysts’ expectations of $49.28 million. As a group, research analysts anticipate that Franklin BSP Realty Trust will post 1.41 EPS for the current year.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.83%. The ex-dividend date of this dividend was Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is presently 171.08%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC increased its position in shares of Franklin BSP Realty Trust by 22.3% in the fourth quarter. AlphaCore Capital LLC now owns 12,569 shares of the company’s stock worth $162,000 after purchasing an additional 2,288 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Franklin BSP Realty Trust in the fourth quarter worth approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Franklin BSP Realty Trust by 20.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 149,083 shares of the company’s stock worth $1,870,000 after purchasing an additional 24,935 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Franklin BSP Realty Trust by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 24,738 shares of the company’s stock worth $310,000 after purchasing an additional 7,615 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Franklin BSP Realty Trust by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 801,871 shares of the company’s stock worth $10,055,000 after purchasing an additional 72,621 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors.

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).