Realta Investment Advisors Increases Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Realta Investment Advisors boosted its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRTFree Report) by 19.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,614 shares of the company’s stock after buying an additional 3,010 shares during the quarter. Realta Investment Advisors’ holdings in Franklin BSP Realty Trust were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Franklin BSP Realty Trust by 70.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company’s stock worth $39,000 after purchasing an additional 1,186 shares in the last quarter. Quantbot Technologies LP bought a new position in Franklin BSP Realty Trust in the 1st quarter worth $40,000. Captrust Financial Advisors bought a new position in Franklin BSP Realty Trust in the 2nd quarter worth $68,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Franklin BSP Realty Trust in the 2nd quarter worth $74,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Franklin BSP Realty Trust by 280.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,041 shares of the company’s stock worth $80,000 after purchasing an additional 4,453 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on FBRT. JMP Securities upgraded shares of Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Wednesday, January 10th. Jonestrading cut their price objective on shares of Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 16th.

Read Our Latest Stock Report on FBRT

Franklin BSP Realty Trust Stock Performance

Shares of NYSE FBRT opened at $13.36 on Monday. The firm’s 50-day moving average price is $12.95 and its 200-day moving average price is $13.19. The company has a quick ratio of 83.74, a current ratio of 83.74 and a debt-to-equity ratio of 3.15. The company has a market cap of $1.10 billion, a PE ratio of 9.48 and a beta of 1.43. Franklin BSP Realty Trust, Inc. has a 52-week low of $11.31 and a 52-week high of $14.70.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 29th will be given a dividend of $0.355 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.42 annualized dividend and a yield of 10.63%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 100.71%.

Franklin BSP Realty Trust Company Profile

(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).

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Institutional Ownership by Quarter for Franklin BSP Realty Trust (NYSE:FBRT)

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