Franklin BSP Realty Trust (NYSE:FBRT) Receives “Market Outperform” Rating from JMP Securities

Franklin BSP Realty Trust (NYSE:FBRT)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a note issued to investors on Thursday, Benzinga reports. They currently have a $15.00 target price on the stock. JMP Securities’ price objective points to a potential upside of 17.19% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Raymond James upgraded shares of Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Friday, April 12th. BTIG Research decreased their target price on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th.

Franklin BSP Realty Trust Price Performance

Franklin BSP Realty Trust stock traded down $0.09 during mid-day trading on Thursday, hitting $12.80. The stock had a trading volume of 94,478 shares, compared to its average volume of 331,074. The firm has a market capitalization of $1.05 billion, a P/E ratio of 9.70 and a beta of 1.44. The company has a current ratio of 88.39, a quick ratio of 88.39 and a debt-to-equity ratio of 3.21. The firm’s 50 day moving average is $12.78 and its 200 day moving average is $13.03. Franklin BSP Realty Trust has a one year low of $11.99 and a one year high of $14.70.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its earnings results on Tuesday, April 30th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $53.95 million during the quarter, compared to the consensus estimate of $54.64 million. Franklin BSP Realty Trust had a return on equity of 14.32% and a net margin of 53.82%. During the same period in the prior year, the company posted $0.44 EPS. On average, sell-side analysts forecast that Franklin BSP Realty Trust will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Global Retirement Partners LLC boosted its position in shares of Franklin BSP Realty Trust by 374.2% during the first quarter. Global Retirement Partners LLC now owns 2,205 shares of the company’s stock valued at $29,000 after buying an additional 1,740 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in shares of Franklin BSP Realty Trust during the first quarter valued at approximately $46,000. SG Americas Securities LLC purchased a new position in shares of Franklin BSP Realty Trust during the first quarter valued at approximately $136,000. Beacon Capital Management LLC boosted its position in shares of Franklin BSP Realty Trust by 15.3% during the fourth quarter. Beacon Capital Management LLC now owns 11,607 shares of the company’s stock valued at $154,000 after buying an additional 1,537 shares during the period. Finally, Tyche Wealth Partners LLC purchased a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $162,000. Hedge funds and other institutional investors 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).