Nisa Investment Advisors LLC Sells 2,253 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Nisa Investment Advisors LLC cut its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,962 shares of the company’s stock after selling 2,253 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Franklin BSP Realty Trust were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBRT. FMR LLC grew its holdings in shares of Franklin BSP Realty Trust by 42.9% in the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after acquiring an additional 787 shares in the last quarter. KBC Group NV boosted its position in Franklin BSP Realty Trust by 51.6% during the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after purchasing an additional 1,588 shares during the last quarter. Intech Investment Management LLC bought a new position in Franklin BSP Realty Trust in the third quarter valued at approximately $168,000. Hodges Capital Management Inc. acquired a new position in shares of Franklin BSP Realty Trust during the 3rd quarter worth approximately $189,000. Finally, Moors & Cabot Inc. raised its stake in shares of Franklin BSP Realty Trust by 53.4% during the 3rd quarter. Moors & Cabot Inc. now owns 17,117 shares of the company’s stock worth $224,000 after purchasing an additional 5,961 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a research note on Thursday, December 12th. They issued a “buy” rating and a $16.00 target price for the company. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Trading Down 0.9 %

FBRT stock opened at $12.58 on Thursday. Franklin BSP Realty Trust, Inc. has a one year low of $11.96 and a one year high of $14.11. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 15.34 and a beta of 1.39. The company has a fifty day moving average price of $12.73 and a two-hundred day moving average price of $12.97. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 11.29%. The ex-dividend date of this dividend was Tuesday, December 31st. 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).