Barclays PLC Has $1.78 Million Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Barclays PLC boosted its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 22.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 136,534 shares of the company’s stock after purchasing an additional 24,633 shares during the period. Barclays PLC owned about 0.17% of Franklin BSP Realty Trust worth $1,784,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in Franklin BSP Realty Trust by 3.6% during the third quarter. State Street Corp now owns 3,359,241 shares of the company’s stock worth $45,059,000 after purchasing an additional 116,589 shares during the period. Strong Tower Advisory Services lifted its position in Franklin BSP Realty Trust by 28.7% in the third quarter. Strong Tower Advisory Services now owns 1,055,160 shares of the company’s stock valued at $13,780,000 after purchasing an additional 235,548 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Franklin BSP Realty Trust by 13.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company’s stock worth $13,403,000 after purchasing an additional 117,745 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 acquiring an additional 39,000 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Franklin BSP Realty Trust by 55.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 700,000 shares of the company’s stock worth $8,820,000 after acquiring an additional 250,000 shares during the period. 59.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on FBRT shares. Raymond James increased their price objective on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research report on Thursday, September 19th. Janney Montgomery Scott initiated coverage on shares of Franklin BSP Realty Trust in a research note 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $15.50.

Franklin BSP Realty Trust Stock Down 0.5 %

Shares of FBRT opened at $12.68 on Friday. The business has a fifty day moving average of $12.97 and a 200 day moving average of $13.01. The company has a market cap of $1.04 billion, a PE ratio of 15.46 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 52-week low of $11.99 and a 52-week high of $14.11.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be paid a $0.355 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.20%. Franklin BSP Realty Trust’s payout ratio is 173.17%.

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).