450,000 Shares in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. purchased a new stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 450,000 shares of the company’s stock, valued at approximately $6,012,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Franklin BSP Realty Trust by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,973,474 shares of the company’s stock valued at $119,886,000 after purchasing an additional 48,171 shares during the period. Strong Tower Advisory Services lifted its position in shares of Franklin BSP Realty Trust by 7.9% during the 1st quarter. Strong Tower Advisory Services now owns 690,202 shares of the company’s stock valued at $9,055,000 after acquiring an additional 50,332 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Franklin BSP Realty Trust by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 670,299 shares of the company’s stock valued at $9,056,000 after acquiring an additional 11,998 shares during the period. Orchard Capital Management LLC lifted its position in shares of Franklin BSP Realty Trust by 5.5% during the 4th quarter. Orchard Capital Management LLC now owns 582,132 shares of the company’s stock valued at $7,865,000 after acquiring an additional 30,321 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Franklin BSP Realty Trust by 0.7% during the 1st quarter. Van ECK Associates Corp now owns 493,681 shares of the company’s stock valued at $6,596,000 after acquiring an additional 3,567 shares during the period. 59.87% of the stock is currently owned by institutional investors.

Franklin BSP Realty Trust Price Performance

Shares of FBRT stock traded up $0.14 on Friday, hitting $13.85. 223,869 shares of the company’s stock were exchanged, compared to its average volume of 362,290. The company has a debt-to-equity ratio of 3.21, a current ratio of 88.39 and a quick ratio of 88.39. Franklin BSP Realty Trust, Inc. has a 12 month low of $11.99 and a 12 month high of $14.66. The stock has a market cap of $1.13 billion, a P/E ratio of 10.49 and a beta of 1.44. The company has a 50 day moving average of $12.91 and a 200 day moving average of $12.91.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its earnings results on Tuesday, April 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Franklin BSP Realty Trust had a return on equity of 14.32% and a net margin of 53.82%. The firm had revenue of $53.95 million during the quarter, compared to analyst estimates of $54.64 million. During the same period in the previous year, the company earned $0.44 EPS. On average, equities research analysts predict that Franklin BSP Realty Trust, Inc. will post 1.57 EPS for the current year.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th were issued a $0.355 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.42 dividend on an annualized basis and a yield of 10.25%. Franklin BSP Realty Trust’s payout ratio is presently 107.58%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of Franklin BSP Realty Trust in a research report on Friday, July 19th. Raymond James upgraded Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Friday, April 12th. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Thursday, June 27th.

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).