Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Holdings Boosted by Barclays PLC

Barclays PLC grew its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 22.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 0.17% of Franklin BSP Realty Trust worth $1,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Franklin BSP Realty Trust by 62.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,148 shares of the company’s stock valued at $1,621,000 after buying an additional 47,650 shares during the period. Geode Capital Management LLC grew its holdings in shares of Franklin BSP Realty Trust by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock valued at $25,335,000 after acquiring an additional 9,428 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Franklin BSP Realty Trust by 35.2% in the second quarter. Gabelli Funds LLC now owns 175,698 shares of the company’s stock worth $2,214,000 after acquiring an additional 45,698 shares during the last quarter. FMR LLC raised its holdings in shares of Franklin BSP Realty Trust by 42.9% during the third quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after acquiring an additional 787 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Franklin BSP Realty Trust by 13.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company’s stock valued at $13,403,000 after purchasing an additional 117,745 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, Raymond James boosted 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 research report on Thursday, September 19th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Stock Down 2.0 %

Shares of FBRT stock opened at $12.08 on Friday. The company has a market capitalization of $988.64 million, a price-to-earnings ratio of 14.73 and a beta of 1.39. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. The stock’s 50 day simple moving average is $12.85 and its 200 day simple moving average is $12.99. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.99 and a twelve month high of $14.11.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.75%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust’s payout ratio is 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).