UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 47,650 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRTFree Report) by 62.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,148 shares of the company’s stock after acquiring an additional 47,650 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Franklin BSP Realty Trust worth $1,621,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. RPS Advisory Solutions LLC purchased a new stake in shares of Franklin BSP Realty Trust during the second quarter worth $1,020,000. Bank of New York Mellon Corp grew its stake in shares of Franklin BSP Realty Trust by 5.9% during 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 buying an additional 39,000 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Franklin BSP Realty Trust by 7.8% in the second quarter. Arkadios Wealth Advisors now owns 20,867 shares of the company’s stock worth $263,000 after buying an additional 1,509 shares during the period. Your Advocates Ltd. LLP purchased a new stake in Franklin BSP Realty Trust during the 2nd quarter valued at about $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Franklin BSP Realty Trust by 52.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,141 shares of the company’s stock worth $266,000 after acquiring an additional 7,280 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Up 0.5 %

Shares of FBRT opened at $13.20 on Tuesday. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.99 and a 1-year high of $14.66. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.09 and a beta of 1.40. The firm’s 50-day moving average price is $12.98 and its 200-day moving average price is $13.01. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.42 annualized dividend and a dividend yield of 10.76%. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FBRT. Raymond James raised their target price 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. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They issued a “buy” rating and a $16.00 price objective on the stock. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $15.50.

View Our Latest Analysis on FBRT

Franklin BSP Realty Trust Company Profile

(Free Report)

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).

See Also

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Institutional Ownership by Quarter for Franklin BSP Realty Trust (NYSE:FBRT)

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