Voya Investment Management LLC Acquires 40,333 Shares of Franklin BSP Realty Trust, Inc. $FBRT

Voya Investment Management LLC increased its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 43.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,204 shares of the company’s stock after acquiring an additional 40,333 shares during the quarter. Voya Investment Management LLC owned approximately 0.16% of Franklin BSP Realty Trust worth $1,697,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Strong Tower Advisory Services lifted its holdings in Franklin BSP Realty Trust by 16.3% during the first quarter. Strong Tower Advisory Services now owns 1,345,488 shares of the company’s stock worth $17,142,000 after acquiring an additional 188,377 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Franklin BSP Realty Trust by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,244,760 shares of the company’s stock worth $15,858,000 after acquiring an additional 81,783 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Franklin BSP Realty Trust by 11.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,249 shares of the company’s stock worth $11,342,000 after acquiring an additional 88,378 shares during the period. Bank of New York Mellon Corp lifted its holdings in Franklin BSP Realty Trust by 24.2% during the first quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company’s stock worth $9,103,000 after acquiring an additional 139,417 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Franklin BSP Realty Trust by 4.2% during the first quarter. Principal Financial Group Inc. now owns 413,595 shares of the company’s stock worth $5,269,000 after acquiring an additional 16,707 shares during the period. 59.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Jones Trading dropped their price target on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $14.67.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $11.16 on Tuesday. The firm has a market cap of $918.24 million, a PE ratio of 11.39 and a beta of 1.04. The stock’s fifty day moving average price is $11.03 and its two-hundred day moving average price is $11.35. 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 $13.68.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a $0.355 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.42 annualized dividend and a dividend yield of 12.7%. Franklin BSP Realty Trust’s payout ratio is presently 144.90%.

About Franklin BSP Realty Trust

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).