Franklin BSP Realty Trust (NYSE:FBRT) Price Target Cut to $14.00

Franklin BSP Realty Trust (NYSE:FBRT) had its price objective decreased by BTIG Research from $15.00 to $14.00 in a research report report published on Wednesday morning, Benzinga reports. BTIG Research currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Jonestrading reduced their target price on Franklin BSP Realty Trust from $16.00 to $15.00 and set a buy rating for the company in a report on Friday, February 16th. Raymond James upgraded shares of Franklin BSP Realty Trust from an outperform rating to a strong-buy rating and set a $15.00 price objective on the stock in a research note on Friday, April 12th. Finally, JMP Securities upgraded shares of Franklin BSP Realty Trust from a market perform rating to an outperform rating and set a $15.00 price objective on the stock in a research note on Wednesday, January 10th.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $12.22 on Wednesday. Franklin BSP Realty Trust has a 12-month low of $11.73 and a 12-month high of $14.70. The company has a current ratio of 83.74, a quick ratio of 83.74 and a debt-to-equity ratio of 3.15. The company’s 50 day simple moving average is $12.83 and its 200-day simple moving average is $13.08. The firm has a market cap of $1.00 billion, a PE ratio of 8.67 and a beta of 1.43.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.62%. The ex-dividend date was Wednesday, March 27th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 100.71%.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of institutional investors have recently modified their holdings of FBRT. The Manufacturers Life Insurance Company lifted its stake in shares of Franklin BSP Realty Trust by 2.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 32,944 shares of the company’s stock valued at $425,000 after purchasing an additional 716 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Franklin BSP Realty Trust by 1.7% in the 1st quarter. California State Teachers Retirement System now owns 47,338 shares of the company’s stock valued at $662,000 after purchasing an additional 787 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Franklin BSP Realty Trust by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 176,593 shares of the company’s stock valued at $2,107,000 after purchasing an additional 937 shares during the last quarter. Strategic Blueprint LLC lifted its stake in shares of Franklin BSP Realty Trust by 7.8% in the 3rd quarter. Strategic Blueprint LLC now owns 13,505 shares of the company’s stock valued at $179,000 after purchasing an additional 978 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Franklin BSP Realty Trust by 14.3% in the 3rd quarter. Lazard Asset Management LLC now owns 8,934 shares of the company’s stock valued at $118,000 after purchasing an additional 1,121 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

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).