Franklin BSP Realty Trust (NYSE:FBRT) PT Raised to $15.50

Franklin BSP Realty Trust (NYSE:FBRT) had its price target boosted by investment analysts at Raymond James from $15.00 to $15.50 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective points to a potential upside of 14.39% from the stock’s previous close.

FBRT has been the subject of several other research reports. JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Thursday, June 27th. BTIG Research reiterated a “buy” rating and set a $16.00 price target on shares of Franklin BSP Realty Trust in a research note on Friday, July 19th.

Franklin BSP Realty Trust Stock Down 0.7 %

FBRT stock opened at $13.55 on Thursday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 89.36 and a current ratio of 89.36. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.27 and a beta of 1.42. Franklin BSP Realty Trust has a fifty-two week low of $11.99 and a fifty-two week high of $14.66. The stock has a fifty day moving average of $13.19 and a 200-day moving average of $12.94.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fairscale Capital LLC bought a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter valued at about $41,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Franklin BSP Realty Trust during the 1st quarter valued at about $46,000. Your Advocates Ltd. LLP bought a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter valued at about $76,000. SG Americas Securities LLC bought a new stake in shares of Franklin BSP Realty Trust during the 1st quarter valued at about $136,000. Finally, Sollinda Capital Management LLC bought a new stake in shares of Franklin BSP Realty Trust during the 4th quarter valued at about $176,000. Institutional investors own 59.87% of the company’s stock.

About Franklin BSP Realty Trust

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).