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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) has earned an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.00.

A number of research analysts have issued reports on FBRT shares. Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Citizens Jmp reaffirmed a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a research report on Monday, July 6th. JonesTrading reiterated a “buy” rating and set a $12.00 price objective on shares of Franklin BSP Realty Trust in a report on Friday, September 11th. BTIG Research lowered Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, September 18th. Finally, Zacks Research raised Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th.

Franklin BSP Realty Trust Trading Down 1.2%

FBRT opened at $6.18 on Thursday. The firm’s fifty day moving average is $7.67 and its two-hundred day moving average is $8.19. The company has a debt-to-equity ratio of 3.47, a quick ratio of 96.80 and a current ratio of 96.80. The firm has a market cap of $513.60 million, a PE ratio of 14.06 and a beta of 0.97. Franklin BSP Realty Trust has a twelve month low of $6.03 and a twelve month high of $10.88.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. The company had revenue of $66.47 million during the quarter, compared to analyst estimates of $80.98 million. Equities research analysts anticipate that Franklin BSP Realty Trust will post 0.73 EPS for the current year.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Wednesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is 181.82%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Several large investors have recently made changes to their positions in the stock. Engineers Gate Manager LP bought a new stake in Franklin BSP Realty Trust in the 2nd quarter valued at $103,000. Concorde Asset Management LLC boosted its stake in Franklin BSP Realty Trust by 10.5% in the 2nd quarter. Concorde Asset Management LLC now owns 16,900 shares of the company’s stock worth $141,000 after purchasing an additional 1,600 shares during the period. Squarepoint Ops LLC bought a new position in Franklin BSP Realty Trust during the 2nd quarter worth about $564,000. Waverly Advisors LLC increased its holdings in Franklin BSP Realty Trust by 85.2% during the 2nd quarter. Waverly Advisors LLC now owns 55,515 shares of the company’s stock worth $452,000 after purchasing an additional 25,535 shares in the last quarter. Finally, Ipsen Advisor Group LLC acquired a new stake in shares of Franklin BSP Realty Trust in the 1st quarter valued at about $88,000. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires and manages a portfolio of commercial real estate debt investments, with an emphasis on senior mortgage loans secured by properties such as multifamily, office, industrial, retail and hospitality assets.

In addition to senior mortgage loans, Franklin BSP Realty Trust may invest in subordinate and mezzanine loans, preferred equity, commercial mortgage-backed securities and other commercial real estate-related investments.