Creative Planning Has $544,000 Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Creative Planning lessened its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,656 shares of the company’s stock after selling 1,013 shares during the quarter. Creative Planning owned approximately 0.05% of Franklin BSP Realty Trust worth $544,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund Corp raised its position in Franklin BSP Realty Trust by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 71,829 shares of the company’s stock valued at $960,000 after buying an additional 961 shares during the last quarter. ProShare Advisors LLC grew its stake in Franklin BSP Realty Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,744 shares of the company’s stock valued at $224,000 after purchasing an additional 1,155 shares in the last quarter. Cetera Investment Advisers grew its stake in Franklin BSP Realty Trust by 0.9% in the second quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock valued at $1,674,000 after purchasing an additional 1,236 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Franklin BSP Realty Trust by 7.8% in the second quarter. Arkadios Wealth Advisors now owns 20,867 shares of the company’s stock valued at $263,000 after purchasing an additional 1,509 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Franklin BSP Realty Trust by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock valued at $515,000 after purchasing an additional 1,518 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Performance

Shares of NYSE FBRT opened at $12.97 on Wednesday. The company has a current ratio of 89.36, a quick ratio of 89.36 and a debt-to-equity ratio of 3.54. Franklin BSP Realty Trust, Inc. has a 12 month low of $11.99 and a 12 month high of $14.66. The stock has a 50 day moving average of $13.11 and a 200-day moving average of $12.97. The company has a market capitalization of $1.06 billion, a P/E ratio of 15.82 and a beta of 1.41.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, September 30th. This represents a $1.42 annualized dividend and a dividend yield of 10.95%. Franklin BSP Realty Trust’s dividend payout ratio is currently 173.17%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FBRT. BTIG Research restated a “buy” rating and issued a $16.00 price target on shares of Franklin BSP Realty Trust in a research note on Friday, July 19th. Raymond James raised their price target on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th.

Franklin BSP Realty Trust Company 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).