Franklin BSP Realty Trust Inc. (NYSE:FBRT) shares traded 0.08% higher at $12.28 on Wall Street last session.
In accordance with the data, 3 analysts cover Franklin BSP Realty Trust Inc. (NYSE:FBRT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.50 and a low of $16.00, we find $16.25. Given the previous closing price of $12.27, this indicates a potential upside of 32.44 percent. FBRT stock price is now -11.33% away from the 50-day moving average and -10.93% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
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It has been rated a hold by 1 analysts and a buy by 2. Brokers who have rated the stock have averaged $16.25 as their price target over the next twelve months.
With the price target of $16, B. Riley Securities recently initiated with Buy rating for Franklin BSP Realty Trust Inc. (NYSE: FBRT)..
In other news, ORTALE BUFORD H, Director bought 3,000 shares of the company’s stock on Sep 15. The stock was bought for $35,310 at an average price of $11.77. Upon completion of the transaction, the Director now directly owns 3,000 shares in the company, valued at $36840.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08, Director ORTALE BUFORD H bought 2,200 shares of the business’s stock. A total of $43,120 was incurred on buying the stock at an average price of $19.60. This leaves the insider owning 5,900 shares of the company worth $72452.0. Insiders disposed of 19,019 shares of company stock worth roughly $0.23 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FBRT stock. A new stake in Franklin BSP Realty Trust Inc. shares was purchased by CLIFFWATER LLC during the first quarter worth $23,209,000. JEFFERIES FINANCIAL GROUP INC. invested $7,230,000 in shares of FBRT during the first quarter. In the first quarter, PALO ALTO WEALTH ADVISORS, LLC acquired a new stake in Franklin BSP Realty Trust Inc. valued at approximately $5,602,000. JANE STREET GROUP, LLC acquired a new stake in FBRT for approximately $1,042,000. RETIREMENT FINANCIAL SOLUTIONS, LLC purchased a new stake in FBRT valued at around $702,000 in the second quarter. In total, there are 204 active investors with 59.30% ownership of the company’s stock.
Franklin BSP Realty Trust Inc. (NYSE: FBRT) opened at $11.96 on Monday. During the past 12 months, Franklin BSP Realty Trust Inc. has had a low of $10.34 and a high of $16.20. The fifty day moving average price for FBRT is $13.85 and a two-hundred day moving average price translates $13.79 for the stock.
The latest earnings results from Franklin BSP Realty Trust Inc. (NYSE: FBRT) was released for Sep, 2022. According to the REIT – Mortgage Company, earnings per share came in at $0.33, beating analysts’ expectations of $0.31 by 0.02. This compares to $0.67 EPS in the same period last year. The company reported revenue of $50.29 million for the quarter, compared to $36.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.74 percent. For the current quarter, analysts expect FBRT to generate $53.43M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/11/2023. Investors who held shares on 12/30/2022 were paid a $0.355 dividend. On an annualized basis, this represents a $1.42 dividend and a 11.56% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend.
Franklin BSP Realty Trust Inc.(FBRT) Company Profile
Franklin BSP Realty Trust, Inc., a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt secured by properties located in the United States. The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment. In addition, it invests in commercial real estate debt investments, which includes first mortgage loans, mezzanine loans, bridge loans, and other loans related to commercial real estate. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Benefit Street Partners Realty Trust, Inc. Franklin BSP Realty Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
