Fmr LLC Purchases 787 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Fmr LLC boosted its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 42.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,623 shares of the company’s stock after acquiring an additional 787 shares during the period. Fmr LLC’s holdings in Franklin BSP Realty Trust were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FBRT. Cetera Investment Advisers lifted its holdings in shares of Franklin BSP Realty Trust by 0.9% in the 2nd 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 in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Franklin BSP Realty Trust by 7.8% in the second 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 grew its holdings in shares of Franklin BSP Realty Trust by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock valued at $515,000 after buying an additional 1,518 shares during the last quarter. KBC Group NV increased its position 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 in the last quarter. Finally, Fairscale Capital LLC acquired a new stake in shares of Franklin BSP Realty Trust in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FBRT shares. Raymond James lifted their price target on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Janney Montgomery Scott started coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 price target for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Trading Up 0.8 %

Shares of FBRT stock opened at $12.79 on Thursday. 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 has a market capitalization of $1.05 billion, a price-to-earnings ratio of 15.60 and a beta of 1.40. Franklin BSP Realty Trust, Inc. has a 52-week low of $11.99 and a 52-week high of $14.50. The company has a 50-day simple moving average of $12.99 and a two-hundred day simple moving average of $13.01.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 11.10%. The ex-dividend date is Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is presently 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).