Quest Partners LLC Purchases Shares of 47,705 Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Quest Partners LLC purchased a new stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,705 shares of the company’s stock, valued at approximately $644,000. Quest Partners LLC owned 0.06% of Franklin BSP Realty Trust at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FBRT. Allspring Global Investments Holdings LLC lifted its stake in shares of Franklin BSP Realty Trust by 280.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,041 shares of the company’s stock worth $80,000 after purchasing an additional 4,453 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Franklin BSP Realty Trust during the third quarter worth about $688,000. Nisa Investment Advisors LLC lifted its stake in shares of Franklin BSP Realty Trust by 5.6% during the third quarter. Nisa Investment Advisors LLC now owns 30,020 shares of the company’s stock worth $397,000 after purchasing an additional 1,591 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of Franklin BSP Realty Trust during the third quarter worth about $153,000. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Franklin BSP Realty Trust during the third quarter worth about $645,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FBRT shares. Jonestrading reduced their price objective on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Raymond James upgraded Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Friday, April 12th. Finally, BTIG Research cut 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 note on Wednesday, April 17th.

Franklin BSP Realty Trust Trading Down 1.1 %

Shares of NYSE FBRT opened at $12.92 on Thursday. The stock’s 50 day moving average price is $12.88 and its two-hundred day moving average price is $13.11. Franklin BSP Realty Trust, Inc. has a 52-week low of $11.99 and a 52-week high of $14.70. The stock has a market capitalization of $1.06 billion, a P/E ratio of 9.79 and a beta of 1.43. The company has a quick ratio of 88.39, a current ratio of 88.39 and a debt-to-equity ratio of 3.21.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its earnings results on Tuesday, April 30th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $53.95 million for the quarter, compared to the consensus estimate of $54.64 million. Franklin BSP Realty Trust had a net margin of 53.82% and a return on equity of 14.32%. During the same period last year, the company posted $0.44 earnings per share. On average, analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date was Wednesday, March 27th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 107.58%.

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).