Mutual Advisors LLC Increases Stock Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Mutual Advisors LLC boosted its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRTFree Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,728 shares of the company’s stock after buying an additional 1,402 shares during the quarter. Mutual Advisors LLC’s holdings in Franklin BSP Realty Trust were worth $247,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FBRT. FMR LLC increased its stake in Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after purchasing an additional 787 shares in the last quarter. KBC Group NV boosted its position in Franklin BSP Realty Trust by 51.6% during the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after purchasing an additional 1,588 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Franklin BSP Realty Trust in the 3rd quarter valued at $168,000. Hodges Capital Management Inc. purchased a new position in Franklin BSP Realty Trust in the 3rd quarter valued at about $189,000. Finally, Moors & Cabot Inc. increased its position in shares of Franklin BSP Realty Trust by 53.4% during the third quarter. Moors & Cabot Inc. now owns 17,117 shares of the company’s stock worth $224,000 after purchasing an additional 5,961 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

FBRT opened at $12.69 on Wednesday. The company has a 50 day moving average of $12.74 and a two-hundred day moving average of $12.98. The company has a market cap of $1.04 billion, a P/E ratio of 15.47 and a beta of 1.39. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. Franklin BSP Realty Trust, Inc. has a 52-week low of $11.96 and a 52-week high of $14.11.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.19%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust’s payout ratio is currently 173.17%.

Analyst Upgrades and Downgrades

FBRT has been the topic of several recent analyst reports. Janney Montgomery Scott started coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued a “buy” rating and a $16.00 target price on the stock. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $15.50.

View Our Latest Stock Report on Franklin BSP Realty Trust

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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