Fmr LLC Has $34,000 Stock Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Fmr LLC lifted its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 42.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,623 shares of the company’s stock after buying an additional 787 shares during the period. Fmr LLC’s holdings in Franklin BSP Realty Trust were worth $34,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fairscale Capital LLC acquired a new position in Franklin BSP Realty Trust in the 2nd quarter worth about $41,000. KBC Group NV increased its stake in shares of Franklin BSP Realty Trust by 51.6% in the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after buying an additional 1,588 shares during the period. Intech Investment Management LLC bought a new position in Franklin BSP Realty Trust in the 3rd quarter valued at approximately $168,000. Concorde Asset Management LLC acquired a new stake in Franklin BSP Realty Trust during the 2nd quarter worth approximately $187,000. Finally, Marble Harbor Investment Counsel LLC bought a new stake in Franklin BSP Realty Trust during the 2nd quarter worth approximately $189,000. 59.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FBRT has been the topic of a number of recent research reports. Raymond James lifted their price target 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 initiated coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $15.50.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT opened at $12.79 on Thursday. The company has a market capitalization of $1.05 billion, a PE ratio of 15.60 and a beta of 1.40. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.99 and a twelve month high of $14.50. The firm has a fifty day simple moving average of $12.99 and a 200 day simple moving average of $13.01.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date is Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio 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).