Franklin BSP Realty Trust Inc (NYSE:FBRT) price on Friday, June 13, fall -2.52% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.82.
A look at the stock’s price movement, the close in the last trading session was $11.10. The PE ratio in trailing twelve months stood at 16.17. Turning to its 52-week performance, $14.11 and $10.50 were the 52-week high and 52-week low respectively. Overall, FBRT moved -5.00% over the past month.
Franklin BSP Realty Trust Inc’s market cap currently stands at around $904.96 million, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 1.42, with its dividend yield at 13.12%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend FBRT as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FBRT’s current price about -2.01% and -3.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.91, while 7-day volatility ratio is 1.24% and 1.41% in the 30-day chart. Further, Franklin BSP Realty Trust Inc (FBRT) has a beta value of 1.16, and an average true range (ATR) of 0.22. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $15 and high of $16. Looking at the price targets, the low is -38.63% off current price level while to achieve the yearly target high, price needs to move -47.87%. Nonetheless, investors will most likely welcome a -38.63% jump to $15 which is the analysts’ median price.
If we refocus on Franklin BSP Realty Trust Inc (NYSE:FBRT), historical trading data shows that trading volumes averaged 536.63K over the past 3 months. The company’s latest data on shares outstanding shows there are 82.87 million shares.
The 1.74% of Franklin BSP Realty Trust Inc’s shares are in the hands of company insiders while institutional holders own 63.35% of the company’s shares. Current price change has pushed the stock -13.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FBRT stock continues to rise going into the next quarter.
