KBC Group NV Acquires 1,588 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

KBC Group NV lifted its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 51.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,664 shares of the company’s stock after buying an additional 1,588 shares during the quarter. KBC Group NV’s holdings in Franklin BSP Realty Trust were worth $61,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. 1832 Asset Management L.P. bought a new position in shares of Franklin BSP Realty Trust in the first quarter worth about $6,012,000. Strong Tower Advisory Services raised its position in Franklin BSP Realty Trust by 28.7% in the 3rd quarter. Strong Tower Advisory Services now owns 1,055,160 shares of the company’s stock worth $13,780,000 after purchasing an additional 235,548 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Franklin BSP Realty Trust by 33.6% during the 2nd quarter. Van ECK Associates Corp now owns 659,801 shares of the company’s stock worth $8,313,000 after buying an additional 166,120 shares in the last quarter. RPS Advisory Solutions LLC bought a new position in Franklin BSP Realty Trust in the 2nd quarter valued at $1,020,000. Finally, Cetera Investment Advisers increased its stake in shares of Franklin BSP Realty Trust by 115.5% in the 1st quarter. Cetera Investment Advisers now owns 131,616 shares of the company’s stock valued at $1,758,000 after buying an additional 70,549 shares during the period. Institutional investors and hedge funds own 59.87% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James raised their price target on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a report on Thursday, September 19th.

Franklin BSP Realty Trust Price Performance

Shares of FBRT stock opened at $13.01 on Friday. The firm’s 50 day moving average price is $13.05 and its two-hundred day moving average price is $12.99. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. Franklin BSP Realty Trust, Inc. has a 52-week low of $11.99 and a 52-week high of $14.66. The stock has a market cap of $1.06 billion, a PE ratio of 15.87 and a beta of 1.41.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were given a $0.355 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.42 annualized dividend and a dividend yield of 10.91%. Franklin BSP Realty Trust’s dividend payout ratio is currently 173.17%.

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).