B. Riley Wealth Advisors Inc. Cuts Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

B. Riley Wealth Advisors Inc. lowered its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,501 shares of the company’s stock after selling 1,334 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Franklin BSP Realty Trust were worth $240,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Fairscale Capital LLC purchased a new position in shares of Franklin BSP Realty Trust during the 2nd quarter valued at $41,000. Kathleen S. Wright Associates Inc. purchased a new stake in Franklin BSP Realty Trust during the first quarter valued at about $46,000. Your Advocates Ltd. LLP bought a new position in Franklin BSP Realty Trust during the second quarter worth about $76,000. SG Americas Securities LLC purchased a new position in shares of Franklin BSP Realty Trust in the first quarter worth about $136,000. Finally, Concorde Asset Management LLC bought a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at approximately $187,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FBRT. Raymond James raised their price objective on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of Franklin BSP Realty Trust in a research report on Friday, July 19th. Finally, JMP Securities reiterated 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 0.8 %

Shares of NYSE:FBRT opened at $12.68 on Thursday. The firm has a fifty day moving average price of $13.03 and a two-hundred day moving average price of $12.94. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 9.61 and a beta of 1.42. The company has a debt-to-equity ratio of 3.54, a current ratio of 89.36 and a quick ratio of 89.36. Franklin BSP Realty Trust, Inc. has a one year low of $11.99 and a one year high of $14.66.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 11.20%. The ex-dividend date of this dividend is Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is 107.58%.

About Franklin BSP Realty Trust

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).