Mutual of America Capital Management LLC Has $161,000 Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Mutual of America Capital Management LLC cut its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,308 shares of the company’s stock after selling 1,149 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Franklin BSP Realty Trust were worth $161,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. KBC Group NV increased its position in shares of Franklin BSP Realty Trust by 51.6% during the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after buying an additional 1,588 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Franklin BSP Realty Trust during the third quarter worth $273,000. Strong Tower Advisory Services increased its position in shares of Franklin BSP Realty Trust by 28.7% during the third quarter. Strong Tower Advisory Services now owns 1,055,160 shares of the company’s stock worth $13,780,000 after buying an additional 235,548 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Franklin BSP Realty Trust during the third quarter worth $345,000. Finally, Centaurus Financial Inc. increased its position in shares of Franklin BSP Realty Trust by 24.3% during the second quarter. Centaurus Financial Inc. now owns 41,834 shares of the company’s stock worth $527,000 after buying an additional 8,189 shares during the period. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Raymond James raised their price target on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th.

Franklin BSP Realty Trust Stock Performance

NYSE:FBRT opened at $13.08 on Friday. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 15.95 and a beta of 1.41. The firm has a fifty day simple moving average of $13.01 and a two-hundred day simple moving average of $13.00. Franklin BSP Realty Trust, Inc. has a 12 month low of $11.99 and a 12 month high of $14.66.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust’s payout ratio is 173.17%.

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).