Franklin BSP Realty Trust, Inc. $FBRT Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,129,180 shares of the company’s stock after selling 7,948 shares during the period. Invesco Ltd. owned about 1.37% of Franklin BSP Realty Trust worth $14,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FBRT. Quarry LP acquired a new stake in Franklin BSP Realty Trust in the fourth quarter valued at about $32,000. Central Pacific Bank Trust Division acquired a new stake in Franklin BSP Realty Trust in the first quarter valued at about $32,000. GAMMA Investing LLC lifted its position in Franklin BSP Realty Trust by 1,683.5% in the first quarter. GAMMA Investing LLC now owns 4,637 shares of the company’s stock valued at $59,000 after purchasing an additional 4,377 shares during the period. PNC Financial Services Group Inc. lifted its position in Franklin BSP Realty Trust by 138.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,044 shares of the company’s stock valued at $64,000 after purchasing an additional 2,926 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Franklin BSP Realty Trust in the first quarter valued at about $128,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Up 2.6%

Shares of Franklin BSP Realty Trust stock opened at $11.3220 on Friday. The company has a debt-to-equity ratio of 3.21, a current ratio of 81.24 and a quick ratio of 81.24. Franklin BSP Realty Trust, Inc. has a 1 year low of $9.79 and a 1 year high of $13.74. The company has a market capitalization of $931.57 million, a P/E ratio of 11.55 and a beta of 1.01. The business has a 50 day moving average price of $10.80 and a 200 day moving average price of $11.62.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors 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 12.5%. The ex-dividend date was Monday, June 30th. Franklin BSP Realty Trust’s payout ratio is currently 144.90%.

Analyst Ratings Changes

A number of brokerages recently commented on FBRT. JMP Securities restated a “market outperform” rating and issued a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Jones Trading lowered their target price on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $14.88.

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).