JPMorgan Chase & Co. lessened its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Free Report) by 50.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,326 shares of the company’s stock after selling 68,554 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of Franklin BSP Realty Trust worth $879,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Franklin BSP Realty Trust by 3.6% in the third quarter. State Street Corp now owns 3,359,241 shares of the company’s stock worth $45,059,000 after acquiring an additional 116,589 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 worth $25,335,000 after purchasing an additional 9,428 shares during the period. Strong Tower Advisory Services increased its holdings in Franklin BSP Realty Trust by 28.7% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 valued at $13,403,000 after purchasing an additional 117,745 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Franklin BSP Realty Trust by 5.7% during the second quarter. Public Sector Pension Investment Board now owns 180,092 shares of the company’s stock worth $2,269,000 after purchasing an additional 9,775 shares in the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.
Franklin BSP Realty Trust Stock Up 0.9 %
Shares of Franklin BSP Realty Trust stock opened at $12.47 on Friday. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.96 and a 1-year high of $14.11. The business has a 50-day moving average of $12.74 and a 200-day moving average of $12.98. The company has a market capitalization of $1.02 billion, a PE ratio of 15.20 and a beta of 1.39.
Franklin BSP Realty Trust Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Janney Montgomery Scott began 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 for the company. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $15.50.
Read Our Latest Analysis on FBRT
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).
Featured Stories
- Five stocks we like better than Franklin BSP Realty Trust
- What is a Death Cross in Stocks?
- Bloom Energy: Powering the Future With Decentralized Energy
- CD Calculator: Certificate of Deposit Calculator
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- Conference Calls and Individual Investors
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Want to see what other hedge funds are holding FBRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Free Report).
Receive News & Ratings for Franklin BSP Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin BSP Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.