Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 13.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,026,290 shares of the company’s stock after acquiring an additional 117,745 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.25% of Franklin BSP Realty Trust worth $13,403,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in Franklin BSP Realty Trust by 115.5% in the first quarter. Cetera Investment Advisers now owns 131,616 shares of the company’s stock worth $1,758,000 after acquiring an additional 70,549 shares during the period. Van ECK Associates Corp grew its stake in shares of Franklin BSP Realty Trust by 33.6% in the second quarter. Van ECK Associates Corp now owns 659,801 shares of the company’s stock valued at $8,313,000 after buying an additional 166,120 shares in the last quarter. Gabelli Funds LLC grew its position in Franklin BSP Realty Trust by 35.2% in the 2nd quarter. Gabelli Funds LLC now owns 175,698 shares of the company’s stock valued at $2,214,000 after acquiring an additional 45,698 shares in the last quarter. Strong Tower Advisory Services lifted its position in shares of Franklin BSP Realty Trust by 28.7% during the third 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Franklin BSP Realty Trust by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 702,184 shares of the company’s stock valued at $8,848,000 after purchasing an additional 39,000 shares during the period. 59.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Franklin BSP Realty Trust Trading Up 1.4 %

NYSE FBRT opened at $12.98 on Monday. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.99 and a 52 week high of $14.66. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $1.06 billion, a PE ratio of 15.83 and a beta of 1.40. The firm has a 50 day moving average of $12.96 and a two-hundred day moving average of $12.99.

Franklin BSP Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 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).