Franklin BSP Realty Trust (NYSE:FBRT) Upgraded by B. Riley to “Strong-Buy” Rating

Franklin BSP Realty Trust (NYSE:FBRT) was upgraded by stock analysts at B. Riley to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on FBRT. Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 price target for the company. Raymond James lifted their price target on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Franklin BSP Realty Trust currently has a consensus rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Stock Down 0.9 %

FBRT opened at $12.33 on Tuesday. Franklin BSP Realty Trust has a 1-year low of $11.99 and a 1-year high of $14.11. The stock has a market cap of $1.01 billion, a PE ratio of 15.04 and a beta of 1.39. The stock’s fifty day simple moving average is $12.87 and its 200 day simple moving average is $12.99. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67.

Institutional Trading of Franklin BSP Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in Franklin BSP Realty Trust by 13.6% in the second quarter. Commonwealth Equity Services LLC now owns 32,561 shares of the company’s stock worth $410,000 after buying an additional 3,886 shares in the last quarter. Marble Harbor Investment Counsel LLC purchased a new stake in Franklin BSP Realty Trust in the second quarter worth about $189,000. Concorde Asset Management LLC purchased a new position in Franklin BSP Realty Trust during the second quarter valued at approximately $187,000. AE Wealth Management LLC raised its holdings in Franklin BSP Realty Trust by 91.8% during the second quarter. AE Wealth Management LLC now owns 30,597 shares of the company’s stock valued at $387,000 after acquiring an additional 14,641 shares during the period. Finally, Sei Investments Co. increased its holdings in Franklin BSP Realty Trust by 16.8% in the 2nd quarter. Sei Investments Co. now owns 26,954 shares of the company’s stock valued at $340,000 after acquiring an additional 3,873 shares during the last quarter. 59.87% of the stock is currently owned by hedge funds and other 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).