Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 318,983 shares of the company’s stock after selling 10,182 shares during the quarter. Great Lakes Advisors LLC owned about 0.39% of Franklin BSP Realty Trust worth $4,000,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC increased its stake in shares of Franklin BSP Realty Trust by 42.9% during the third quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after acquiring an additional 787 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of Franklin BSP Realty Trust by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 19,639 shares of the company’s stock worth $256,000 after acquiring an additional 1,381 shares during the period. Mutual Advisors LLC increased its stake in shares of Franklin BSP Realty Trust by 7.7% during the fourth quarter. Mutual Advisors LLC now owns 19,728 shares of the company’s stock worth $247,000 after acquiring an additional 1,402 shares during the period. Allworth Financial LP increased its stake in shares of Franklin BSP Realty Trust by 3.2% during the fourth quarter. Allworth Financial LP now owns 48,183 shares of the company’s stock worth $599,000 after acquiring an additional 1,501 shares during the period. Finally, KBC Group NV increased its stake in shares of Franklin BSP Realty Trust by 51.6% during the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after acquiring an additional 1,588 shares during the period. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Stock Up 1.3 %

Shares of NYSE FBRT opened at $13.28 on Friday. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.96 and a 12-month high of $14.12. The company has a market capitalization of $1.09 billion, a PE ratio of 15.99 and a beta of 1.37. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. The firm’s 50-day moving average is $12.87 and its two-hundred day moving average is $12.97.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. The company had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. Equities analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.70%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust’s payout ratio is 171.08%.

Analysts Set New Price Targets

Several research analysts have weighed in on FBRT shares. B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott started coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price on the stock. Jones Trading restated a “buy” rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday. Finally, Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Franklin BSP Realty Trust has a consensus rating of “Buy” and an average price target of $15.50.

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).