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

Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) have been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.00.

Several research analysts recently commented on the company. Weiss Ratings cut Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Citigroup restated a “market outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, September 23rd. JonesTrading reaffirmed a “buy” rating and set a $12.00 price target on shares of Franklin BSP Realty Trust in a research report on Friday, September 11th. Citizens Jmp reiterated a “market outperform” rating and set a $11.00 price objective on shares of Franklin BSP Realty Trust in a research note on Monday, July 6th. Finally, UBS Group set a $10.00 price objective on Franklin BSP Realty Trust in a report on Wednesday, September 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FBRT. Engineers Gate Manager LP bought a new position in Franklin BSP Realty Trust in the 2nd quarter valued at approximately $103,000. Concorde Asset Management LLC grew its stake in shares of Franklin BSP Realty Trust by 10.5% during the second quarter. Concorde Asset Management LLC now owns 16,900 shares of the company’s stock worth $141,000 after buying an additional 1,600 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Franklin BSP Realty Trust during the second quarter worth $564,000. Waverly Advisors LLC increased its holdings in shares of Franklin BSP Realty Trust by 85.2% during the second quarter. Waverly Advisors LLC now owns 55,515 shares of the company’s stock worth $452,000 after buying an additional 25,535 shares in the last quarter. Finally, Ipsen Advisor Group LLC bought a new position in shares of Franklin BSP Realty Trust in the 1st quarter valued at $88,000. 59.87% of the stock is owned by institutional investors.

Franklin BSP Realty Trust Trading Down 2.7%

FBRT opened at $6.00 on Thursday. The firm has a 50 day simple moving average of $7.58 and a 200 day simple moving average of $8.13. Franklin BSP Realty Trust has a fifty-two week low of $5.97 and a fifty-two week high of $10.88. The company has a market cap of $498.66 million, a price-to-earnings ratio of 10.11 and a beta of 0.97. The company has a debt-to-equity ratio of 3.47, a current ratio of 96.80 and a quick ratio of 96.80.

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

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 13.3%. The ex-dividend date was Wednesday, September 30th. Franklin BSP Realty Trust’s payout ratio is currently 181.82%.

About Franklin BSP Realty Trust

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.