Brokerages Set Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Target Price at $13.50

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.50.

Several research firms have recently weighed in on FBRT. Zacks Research raised Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. JonesTrading cut their price target on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Wall Street Zen downgraded Franklin BSP Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Thursday, January 22nd.

Franklin BSP Realty Trust Price Performance

Shares of FBRT opened at $9.04 on Friday. Franklin BSP Realty Trust has a 1-year low of $8.42 and a 1-year high of $13.58. The stock has a market cap of $737.59 million, a PE ratio of 14.12 and a beta of 0.98. The company has a debt-to-equity ratio of 3.33, a current ratio of 70.78 and a quick ratio of 67.81. The firm has a fifty day moving average price of $9.97 and a 200 day moving average price of $10.50.

Franklin BSP Realty Trust Cuts Dividend

The firm 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 $0.20 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 8.9%. Franklin BSP Realty Trust’s payout ratio is currently 221.88%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

Several institutional investors have recently added to or reduced their stakes in FBRT. Geode Capital Management LLC lifted its position in Franklin BSP Realty Trust by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,001,039 shares of the company’s stock worth $21,394,000 after acquiring an additional 12,252 shares during the period. Invesco Ltd. increased its holdings in shares of Franklin BSP Realty Trust by 72.2% in the fourth quarter. Invesco Ltd. now owns 1,829,401 shares of the company’s stock valued at $18,349,000 after purchasing an additional 766,875 shares during the period. Strong Tower Advisory Services raised its stake in shares of Franklin BSP Realty Trust by 2.4% during the third quarter. Strong Tower Advisory Services now owns 1,442,728 shares of the company’s stock worth $15,668,000 after purchasing an additional 34,102 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,256,179 shares of the company’s stock worth $12,599,000 after purchasing an additional 59,424 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Franklin BSP Realty Trust by 7.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,207 shares of the company’s stock valued at $11,318,000 after buying an additional 70,645 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Company Profile

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.