Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,748 shares of the company’s stock after selling 15,909 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.23% of Franklin BSP Realty Trust worth $2,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP purchased a new stake in Franklin BSP Realty Trust during the 4th quarter worth approximately $32,000. LaSalle St. Investment Advisors LLC acquired a new position in Franklin BSP Realty Trust during the 4th quarter worth $133,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at approximately $147,000. Stifel Financial Corp acquired a new stake in shares of Franklin BSP Realty Trust during the fourth quarter worth about $148,000. Finally, ClearAlpha Technologies LP acquired a new stake in Franklin BSP Realty Trust during the 4th quarter worth $149,000. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Stock Down 1.8%

FBRT opened at $10.84 on Tuesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. Franklin BSP Realty Trust, Inc. has a 12 month low of $10.50 and a 12 month high of $14.12. The stock has a market capitalization of $890.80 million, a P/E ratio of 13.05 and a beta of 1.07. The business has a 50 day simple moving average of $11.45 and a 200-day simple moving average of $12.39.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a dividend of $0.355 per share. The ex-dividend date was Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 13.11%. Franklin BSP Realty Trust’s payout ratio is currently 208.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jones Trading dropped their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $15.30.

Franklin BSP Realty Trust 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).