SG Americas Securities LLC Invests $345,000 in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

SG Americas Securities LLC bought a new position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,428 shares of the company’s stock, valued at approximately $345,000.

A number of other hedge funds have also modified their holdings of the business. Cetera Advisors LLC lifted its holdings in shares of Franklin BSP Realty Trust by 181.4% during the first quarter. Cetera Advisors LLC now owns 92,432 shares of the company’s stock worth $1,235,000 after purchasing an additional 59,586 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Franklin BSP Realty Trust during the first quarter worth $6,012,000. Gabelli Funds LLC lifted its holdings in shares of Franklin BSP Realty Trust by 54.6% during the first quarter. Gabelli Funds LLC now owns 130,000 shares of the company’s stock worth $1,737,000 after purchasing an additional 45,901 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,973,474 shares of the company’s stock worth $119,886,000 after purchasing an additional 48,171 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Franklin BSP Realty Trust by 115.5% during the first quarter. Cetera Investment Advisers now owns 131,616 shares of the company’s stock worth $1,758,000 after purchasing an additional 70,549 shares during the period. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on FBRT. BTIG Research reissued a “buy” rating and issued a $16.00 target price on shares of Franklin BSP Realty Trust in a report on Friday, July 19th. JMP Securities reissued a “market outperform” rating and issued a $15.00 target price on shares of Franklin BSP Realty Trust in a report on Thursday, June 27th. Finally, Raymond James raised their target price on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a report on Thursday, September 19th.

Franklin BSP Realty Trust Trading Up 0.4 %

NYSE:FBRT opened at $13.09 on Friday. The company has a market capitalization of $1.07 billion, a PE ratio of 9.91 and a beta of 1.42. The company has a quick ratio of 89.36, a current ratio of 89.36 and a debt-to-equity ratio of 3.54. Franklin BSP Realty Trust, Inc. has a 52-week low of $11.99 and a 52-week high of $14.66. The stock has a fifty day simple moving average of $13.07 and a 200-day simple moving average of $12.92.

Franklin BSP Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.85%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 107.58%.

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).