Franklin BSP Realty Trust (NYSE:FBRT) PT Lowered to $14.00

Franklin BSP Realty Trust (NYSE:FBRT) had its price objective dropped by analysts at BTIG Research from $15.00 to $14.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price would suggest a potential upside of 13.22% from the stock’s current price.

FBRT has been the topic of a number of other reports. Jonestrading reduced their target price on shares of Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Raymond James raised shares of Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a report on Friday, April 12th. Finally, JMP Securities raised shares of Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Wednesday, January 10th.

Franklin BSP Realty Trust Trading Up 1.3 %

FBRT opened at $12.37 on Wednesday. Franklin BSP Realty Trust has a fifty-two week low of $11.73 and a fifty-two week high of $14.70. The company has a debt-to-equity ratio of 3.15, a current ratio of 83.74 and a quick ratio of 83.74. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.77 and a beta of 1.43. The company’s 50 day moving average price is $12.83 and its two-hundred day moving average price is $13.08.

Institutional Investors Weigh In On Franklin BSP Realty Trust

Institutional investors have recently modified their holdings of the company. Illinois Municipal Retirement Fund bought a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter valued at $645,000. Atria Wealth Solutions Inc. lifted its position in shares of Franklin BSP Realty Trust by 74.7% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 108,691 shares of the company’s stock valued at $1,439,000 after acquiring an additional 46,469 shares during the period. Gabelli Funds LLC acquired a new position in shares of Franklin BSP Realty Trust during the 3rd quarter valued at $669,000. Allspring Global Investments Holdings LLC lifted its position in shares of Franklin BSP Realty Trust by 280.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,041 shares of the company’s stock valued at $80,000 after acquiring an additional 4,453 shares during the period. Finally, AE Wealth Management LLC lifted its position in shares of Franklin BSP Realty Trust by 5.4% during the 3rd quarter. AE Wealth Management LLC now owns 206,312 shares of the company’s stock valued at $2,738,000 after acquiring an additional 10,556 shares during the period. 59.87% of the stock is owned by institutional investors.

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).