Amundi Grows Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Amundi increased its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 174.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,545 shares of the company’s stock after acquiring an additional 25,139 shares during the quarter. Amundi’s holdings in Franklin BSP Realty Trust were worth $488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position 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 valued at $34,000 after buying an additional 787 shares during the last quarter. Costello Asset Management INC purchased a new stake in Franklin BSP Realty Trust in the 4th quarter worth $58,000. KBC Group NV lifted its stake in Franklin BSP Realty Trust by 51.6% in the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after purchasing an additional 1,588 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Franklin BSP Realty Trust in the 3rd quarter worth $168,000. Finally, Longboard Asset Management LP purchased a new stake in Franklin BSP Realty Trust in the 4th quarter worth $174,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented 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 price target on the stock. Jones Trading reiterated a “buy” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday, March 11th. B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $15.50.

Franklin BSP Realty Trust Stock Down 0.5 %

Shares of NYSE FBRT opened at $13.15 on Friday. The firm’s 50-day moving average price is $12.94 and its 200-day moving average price is $12.96. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.84 and a beta of 1.37. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.96 and a 12-month high of $14.12.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. On average, equities research analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.355 per share. The ex-dividend date is Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 10.80%. Franklin BSP Realty Trust’s payout ratio is 171.08%.

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).