Van ECK Associates Corp Buys 3,567 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Van ECK Associates Corp increased its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRTFree Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 493,681 shares of the company’s stock after acquiring an additional 3,567 shares during the quarter. Van ECK Associates Corp owned about 0.60% of Franklin BSP Realty Trust worth $6,596,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strong Tower Advisory Services lifted its position in Franklin BSP Realty Trust by 7.9% during the first quarter. Strong Tower Advisory Services now owns 690,202 shares of the company’s stock valued at $9,055,000 after purchasing an additional 50,332 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Franklin BSP Realty Trust by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 670,299 shares of the company’s stock valued at $9,056,000 after purchasing an additional 11,998 shares in the last quarter. Orchard Capital Management LLC lifted its position in shares of Franklin BSP Realty Trust by 5.5% in the 4th quarter. Orchard Capital Management LLC now owns 582,132 shares of the company’s stock worth $7,865,000 after purchasing an additional 30,321 shares during the period. Invesco Ltd. boosted its stake in shares of Franklin BSP Realty Trust by 1.3% during the third quarter. Invesco Ltd. now owns 530,010 shares of the company’s stock valued at $7,017,000 after purchasing an additional 6,994 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Franklin BSP Realty Trust by 6.6% during the first quarter. Principal Financial Group Inc. now owns 456,423 shares of the company’s stock valued at $6,098,000 after buying an additional 28,436 shares during the period. 59.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FBRT shares. JMP Securities restated a “market outperform” rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a report on Thursday, June 27th. BTIG Research decreased their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Raymond James upgraded Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Friday, April 12th.

View Our Latest Stock Report on Franklin BSP Realty Trust

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $12.51 on Friday. The firm’s fifty day simple moving average is $12.78 and its two-hundred day simple moving average is $12.97. The firm has a market capitalization of $1.02 billion, a P/E ratio of 9.48 and a beta of 1.44. The company has a current ratio of 88.39, a quick ratio of 88.39 and a debt-to-equity ratio of 3.21. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.99 and a 12-month high of $14.70.

Franklin BSP Realty Trust (NYSE:FBRTGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Franklin BSP Realty Trust had a return on equity of 14.32% and a net margin of 53.82%. The business had revenue of $53.95 million during the quarter, compared to analyst estimates of $54.64 million. During the same period in the previous year, the business earned $0.44 EPS. Analysts forecast that Franklin BSP Realty Trust, Inc. will post 1.57 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.35%. Franklin BSP Realty Trust’s payout ratio is 107.58%.

Franklin BSP Realty Trust 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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