Vanguard Group Inc. Purchases 6,772 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Vanguard Group Inc. increased its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRTFree Report) by 0.1% during the third quarter, Holdings Channel reports. The firm owned 8,926,481 shares of the company’s stock after buying an additional 6,772 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Franklin BSP Realty Trust worth $118,187,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Franklin BSP Realty Trust by 2.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 32,944 shares of the company’s stock valued at $425,000 after purchasing an additional 716 shares during the period. California State Teachers Retirement System raised its holdings in shares of Franklin BSP Realty Trust by 1.7% in the 1st quarter. California State Teachers Retirement System now owns 47,338 shares of the company’s stock valued at $662,000 after purchasing an additional 787 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Franklin BSP Realty Trust by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 176,593 shares of the company’s stock valued at $2,107,000 after purchasing an additional 937 shares during the period. ProShare Advisors LLC raised its holdings in Franklin BSP Realty Trust by 7.9% in the 2nd quarter. ProShare Advisors LLC now owns 12,967 shares of the company’s stock valued at $184,000 after acquiring an additional 951 shares during the period. Finally, Strategic Blueprint LLC raised its holdings in Franklin BSP Realty Trust by 7.8% in the 3rd quarter. Strategic Blueprint LLC now owns 13,505 shares of the company’s stock valued at $179,000 after acquiring an additional 978 shares during the period. 59.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on FBRT. Jonestrading lowered their price target on shares of Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 16th. JMP Securities raised shares of Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a report on Wednesday, January 10th.

Get Our Latest Report on FBRT

Franklin BSP Realty Trust Stock Performance

Shares of NYSE:FBRT opened at $12.92 on Thursday. The company’s 50 day moving average price is $12.93 and its two-hundred day moving average price is $13.17. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.73 and a 12-month high of $14.70. The firm has a market cap of $1.06 billion, a PE ratio of 9.16 and a beta of 1.43. The company has a quick ratio of 83.74, a current ratio of 83.74 and a debt-to-equity ratio of 3.15.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 10.99%. Franklin BSP Realty Trust’s payout ratio is presently 100.71%.

About Franklin BSP Realty Trust

(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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