Nisa Investment Advisors LLC Reduces Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Nisa Investment Advisors LLC decreased its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 10.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,938 shares of the company’s stock after selling 3,082 shares during the period. Nisa Investment Advisors LLC’s holdings in Franklin BSP Realty Trust were worth $364,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FBRT. PNC Financial Services Group Inc. grew its stake in shares of Franklin BSP Realty Trust by 70.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company’s stock worth $39,000 after acquiring an additional 1,186 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Franklin BSP Realty Trust during the first quarter worth about $40,000. Captrust Financial Advisors acquired a new stake in shares of Franklin BSP Realty Trust during the second quarter worth about $68,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Franklin BSP Realty Trust during the second quarter worth about $74,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Franklin BSP Realty Trust by 280.4% during the third 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 during the period. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on FBRT. BTIG Research decreased their target price on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday. Jonestrading decreased their target price on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 16th. Raymond James raised Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price for the company in a report on Friday, April 12th. Finally, JMP Securities raised Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a report on Wednesday, January 10th.

Franklin BSP Realty Trust Trading Up 1.3 %

Shares of NYSE:FBRT opened at $12.37 on Friday. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.73 and a 12-month high of $14.70. The company has a market capitalization of $1.02 billion, a PE ratio of 8.77 and a beta of 1.43. The business has a 50 day moving average of $12.83 and a two-hundred day moving average of $13.08. The company has a current ratio of 83.74, a quick ratio of 83.74 and a debt-to-equity ratio of 3.15.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 11.48%. The ex-dividend date was Wednesday, March 27th. Franklin BSP Realty Trust’s payout ratio is presently 100.71%.

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).