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

Nisa Investment Advisors LLC trimmed its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 11.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,681 shares of the company’s stock after selling 2,281 shares during the period. Nisa Investment Advisors LLC’s holdings in Franklin BSP Realty Trust were worth $232,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Penserra Capital Management LLC grew its position in shares of Franklin BSP Realty Trust by 21.1% during the 1st quarter. Penserra Capital Management LLC now owns 85,935 shares of the company’s stock valued at $1,094,000 after buying an additional 14,950 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Franklin BSP Realty Trust by 24.2% in the 1st quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company’s stock valued at $9,103,000 after acquiring an additional 139,417 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Franklin BSP Realty Trust by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 413,595 shares of the company’s stock valued at $5,269,000 after acquiring an additional 16,707 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Franklin BSP Realty Trust in the 1st quarter valued at approximately $152,000. Finally, GraniteShares Advisors LLC raised its holdings in shares of Franklin BSP Realty Trust by 6.4% during the 1st quarter. GraniteShares Advisors LLC now owns 210,118 shares of the company’s stock valued at $2,677,000 after purchasing an additional 12,730 shares in the last quarter. 59.87% of the stock is owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Stock Down 1.5%

Shares of NYSE FBRT opened at $10.72 on Friday. The firm has a market cap of $881.13 million, a PE ratio of 15.76 and a beta of 1.04. The company has a 50 day simple moving average of $11.00 and a 200 day simple moving average of $11.94. The company has a debt-to-equity ratio of 3.19, a current ratio of 77.38 and a quick ratio of 77.38. Franklin BSP Realty Trust, Inc. has a 1 year low of $10.50 and a 1 year high of $14.12.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Monday, June 30th were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 13.25%. The ex-dividend date of this dividend was Monday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 208.82%.

Wall Street Analyst Weigh In

Several research firms have issued reports on FBRT. JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Jones Trading lowered their price target on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Franklin BSP Realty Trust presently has an average rating of “Buy” and an average price target 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).