Franklin BSP Realty Trust’s (FBRT) Buy Rating Reiterated at JonesTrading

JonesTrading reissued their buy rating on shares of Franklin BSP Realty Trust (NYSE:FBRT) in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a $12.00 price target on the stock.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Franklin BSP Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Citizens Jmp reiterated a “market outperform” rating and issued a $11.00 price objective on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Finally, Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Franklin BSP Realty Trust currently has an average rating of “Hold” and an average target price of $11.50.

Franklin BSP Realty Trust Stock Up 0.7%

NYSE:FBRT opened at $7.83 on Friday. The firm has a market capitalization of $650.62 million, a PE ratio of 17.81 and a beta of 0.93. The stock has a 50 day moving average of $8.04 and a 200-day moving average of $8.49. Franklin BSP Realty Trust has a 52 week low of $7.34 and a 52 week high of $11.53. The company has a current ratio of 96.80, a quick ratio of 96.80 and a debt-to-equity ratio of 3.47.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.25 earnings per share 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 firm had revenue of $65.29 million for the quarter, compared to the consensus estimate of $80.98 million. Analysts predict that Franklin BSP Realty Trust will post 0.73 EPS for the current year.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 10.2%. Franklin BSP Realty Trust’s dividend payout ratio is currently 181.82%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new position in shares of Franklin BSP Realty Trust in the fourth quarter valued at $44,000. Danske Bank A S acquired a new stake in shares of Franklin BSP Realty Trust during the third quarter worth $45,000. Bessemer Group Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock valued at $46,000 after purchasing an additional 2,684 shares during the last quarter. KBC Group NV acquired a new position in shares of Franklin BSP Realty Trust in the 1st quarter valued at $47,000. Finally, State of Wyoming acquired a new position in shares of Franklin BSP Realty Trust in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

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 portfolio of commercial real estate debt investments, with an emphasis on floating-rate mortgage loans secured by institutional-quality properties.

Its investment activities may include senior mortgage loans, subordinate and mezzanine loans, bridge loans, preferred equity investments and other commercial real estate-related credit investments.