1 day Ago By ABMN Staff
Franklin BSP Realty Trust ( NYSE:FBRT – Free Report ) had its price target lowered by Jones Trading from $15.00 to $14.00 in a research report released on Tuesday morning, Benzinga reports.
The brokerage currently has a buy rating on the stock. A number of other analysts have also recently weighed in on the company. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th.
JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday. Finally, B.
Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $15.
30. Read Our Latest Research Report on FBRT Franklin BSP Realty Trust Stock Performance Franklin BSP Realty Trust ( NYSE:FBRT – Get Free Report ) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.
28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01.
Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%.
The company had revenue of $55.95 million for the quarter, compared to analysts’ expectations of $49.28 million.
Sell-side analysts predict that Franklin BSP Realty Trust will post 1.41 earnings per share for the current fiscal year. Franklin BSP Realty Trust Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th.
Investors of record on Monday, March 31st were issued a dividend of $0.355 per share. This represents a $1.
42 dividend on an annualized basis and a dividend yield of 12.25%. The ex-dividend date of this dividend was Monday, March 31st.
Franklin BSP Realty Trust’s dividend payout ratio is currently 171.08%. Hedge Funds Weigh In On Franklin BSP Realty Trust Hedge funds and other institutional investors have recently made changes to their positions in the stock.
Amundi grew its holdings in shares of Franklin BSP Realty Trust by 174.5% during the fourth quarter. Amundi now owns 39,545 shares of the company’s stock worth $488,000 after buying an additional 25,139 shares during the last quarter.
Strong Tower Advisory Services grew its holdings in shares of Franklin BSP Realty Trust by 9.7% during the fourth quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company’s stock worth $14,510,000 after buying an additional 101,951 shares during the last quarter.
Barclays PLC grew its holdings in shares of Franklin BSP Realty Trust by 22.0% during the third quarter. Barclays PLC now owns 136,534 shares of the company’s stock worth $1,784,000 after buying an additional 24,633 shares during the last quarter.
GraniteShares Advisors LLC purchased a new position in shares of Franklin BSP Realty Trust during the fourth quarter worth about $2,475,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Franklin BSP Realty Trust by 132.
5% during the fourth quarter. JPMorgan Chase & Co. now owns 156,515 shares of the company’s stock worth $1,963,000 after buying an additional 89,189 shares during the last quarter.
Hedge funds and other institutional investors own 59.87% of the company’s stock. Franklin BSP Realty Trust Company Profile ( Get Free Report ) 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). Further Reading Receive News & Ratings for Franklin BSP Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin BSP Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter .
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