Victory Capital Management Inc. Sells 1,638 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Victory Capital Management Inc. trimmed its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 10.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,692 shares of the company’s stock after selling 1,638 shares during the quarter. Victory Capital Management Inc.’s holdings in Franklin BSP Realty Trust were worth $192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBRT. Cetera Investment Advisers boosted its position in shares of Franklin BSP Realty Trust by 0.9% in the second quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock worth $1,674,000 after purchasing an additional 1,236 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Franklin BSP Realty Trust by 7.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 20,867 shares of the company’s stock valued at $263,000 after buying an additional 1,509 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Franklin BSP Realty Trust by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock worth $515,000 after buying an additional 1,518 shares during the period. Fairscale Capital LLC purchased a new stake in Franklin BSP Realty Trust in the 2nd quarter worth $41,000. Finally, Sei Investments Co. raised its holdings in Franklin BSP Realty Trust by 16.8% during the second quarter. Sei Investments Co. now owns 26,954 shares of the company’s stock valued at $340,000 after acquiring an additional 3,873 shares during the period. Institutional investors own 59.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James upped their price objective on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th.

Franklin BSP Realty Trust Price Performance

FBRT stock opened at $13.08 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. The company’s fifty day moving average price is $13.01 and its 200-day moving average price is $12.99. Franklin BSP Realty Trust, Inc. has a one year low of $11.99 and a one year high of $14.66. The company has a market capitalization of $1.07 billion, a PE ratio of 15.95 and a beta of 1.41.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 10.86%. The ex-dividend date was Monday, September 30th. Franklin BSP Realty Trust’s payout ratio is currently 173.17%.

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).