Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,939,515 shares of the company’s stock after purchasing an additional 9,428 shares during the quarter. Geode Capital Management LLC owned about 2.37% of Franklin BSP Realty Trust worth $25,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in 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 purchasing an additional 787 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter valued at approximately $41,000. KBC Group NV lifted its holdings in Franklin BSP Realty Trust by 51.6% in the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after acquiring an additional 1,588 shares during the last quarter. Intech Investment Management LLC purchased a new position in Franklin BSP Realty Trust in the third quarter worth approximately $168,000. Finally, Concorde Asset Management LLC acquired a new stake in Franklin BSP Realty Trust during the second quarter worth $187,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FBRT shares. Raymond James upped 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. Janney Montgomery Scott initiated coverage on shares of Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a “buy” rating and a $16.00 target price for the company. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Trading Down 0.5 %

FBRT opened at $12.68 on Friday. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. The firm has a market cap of $1.04 billion, a P/E ratio of 15.46 and a beta of 1.40. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.99 and a 52 week high of $14.11. The business has a fifty day simple moving average of $12.97 and a 200-day simple moving average of $13.01.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 11.20%. The ex-dividend date is Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is currently 173.17%.

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).