Advisors Preferred LLC Buys Shares of 33,135 Franklin BSP Realty Trust, Inc. $FBRT

Advisors Preferred LLC bought a new stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the second quarter, Holdings Channel reports. The firm bought 33,135 shares of the company’s stock, valued at approximately $359,000.

Other institutional investors also recently modified their holdings of the company. Savvy Advisors Inc. acquired a new position in shares of Franklin BSP Realty Trust during the first quarter worth approximately $377,000. Bank of New York Mellon Corp lifted its holdings in Franklin BSP Realty Trust by 24.2% in the first quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company’s stock valued at $9,103,000 after buying an additional 139,417 shares during the period. Condor Capital Management increased its stake in Franklin BSP Realty Trust by 9.7% in the first quarter. Condor Capital Management now owns 331,568 shares of the company’s stock valued at $4,224,000 after purchasing an additional 29,376 shares in the last quarter. Principal Financial Group Inc. increased its stake in Franklin BSP Realty Trust by 4.2% in the first quarter. Principal Financial Group Inc. now owns 413,595 shares of the company’s stock valued at $5,269,000 after purchasing an additional 16,707 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Franklin BSP Realty Trust by 43.4% in the first quarter. Voya Investment Management LLC now owns 133,204 shares of the company’s stock valued at $1,697,000 after purchasing an additional 40,333 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Down 0.4%

Shares of Franklin BSP Realty Trust stock opened at $10.10 on Tuesday. The firm’s 50 day moving average is $11.04 and its 200 day moving average is $11.01. The company has a current ratio of 81.24, a quick ratio of 81.24 and a debt-to-equity ratio of 3.21. Franklin BSP Realty Trust, Inc. has a 1 year low of $9.79 and a 1 year high of $13.58. The firm has a market capitalization of $830.57 million, a PE ratio of 12.62 and a beta of 1.03.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 30th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date was Tuesday, September 30th. Franklin BSP Realty Trust’s payout ratio is presently 177.50%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. Jones Trading cut their target price on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $14.67.

Franklin BSP Realty Trust 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).