Rhumbline Advisers Sells 2,728 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Rhumbline Advisers cut its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,996 shares of the company’s stock after selling 2,728 shares during the quarter. Rhumbline Advisers owned approximately 0.32% of Franklin BSP Realty Trust worth $3,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of Franklin BSP Realty Trust during the 1st quarter worth about $46,000. Your Advocates Ltd. LLP acquired a new position in shares of Franklin BSP Realty Trust during the 2nd quarter worth about $76,000. SG Americas Securities LLC acquired a new position in shares of Franklin BSP Realty Trust during the 1st quarter worth about $136,000. Sollinda Capital Management LLC acquired a new position in shares of Franklin BSP Realty Trust during the 4th quarter worth about $176,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Franklin BSP Realty Trust during the 1st quarter worth about $207,000. 59.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of Franklin BSP Realty Trust in a research note on Friday, July 19th. JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research note on Thursday, June 27th.

Franklin BSP Realty Trust Stock Up 0.4 %

Shares of FBRT opened at $13.52 on Wednesday. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.99 and a 52 week high of $14.66. The firm has a market cap of $1.11 billion, a P/E ratio of 10.24 and a beta of 1.42. The firm’s 50-day simple moving average is $13.16 and its 200 day simple moving average is $12.93. The company has a debt-to-equity ratio of 3.54, a quick ratio of 89.36 and a current ratio of 89.36.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.42 dividend on an annualized basis and a yield of 10.50%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 107.58%.

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).