Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Sold by Financial Management Network Inc.

Financial Management Network Inc. lowered its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,747 shares of the company’s stock after selling 19,762 shares during the quarter. Financial Management Network Inc. owned 0.16% of Franklin BSP Realty Trust worth $1,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its stake in shares of Franklin BSP Realty Trust by 3.6% in the third quarter. State Street Corp now owns 3,359,241 shares of the company’s stock worth $45,059,000 after acquiring an additional 116,589 shares during the period. Geode Capital Management LLC increased its stake in shares of Franklin BSP Realty Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock worth $25,335,000 after acquiring an additional 9,428 shares during the period. Strong Tower Advisory Services increased its stake in shares of Franklin BSP Realty Trust by 9.7% in the fourth quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company’s stock worth $14,510,000 after acquiring an additional 101,951 shares during the period. Charles Schwab Investment Management Inc. grew its position in Franklin BSP Realty Trust by 13.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company’s stock valued at $13,403,000 after buying an additional 117,745 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Franklin BSP Realty Trust by 16.8% in the fourth quarter. Van ECK Associates Corp now owns 725,963 shares of the company’s stock valued at $9,104,000 after buying an additional 104,599 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued a “buy” rating and a $16.00 price objective for the company. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Franklin BSP Realty Trust presently has an average rating of “Buy” and an average target price of $15.63.

Franklin BSP Realty Trust Stock Up 0.6 %

FBRT opened at $13.30 on Wednesday. The company has a fifty day moving average of $12.70 and a two-hundred day moving average of $12.90. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $14.11. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.02 and a beta of 1.39. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its 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 business had revenue of $55.95 million for the quarter, compared to analyst estimates of $49.28 million. On average, research analysts expect that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were given a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 annualized dividend and a dividend yield of 10.68%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 171.08%.

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).