Allworth Financial LP Grows Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Allworth Financial LP raised its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,183 shares of the company’s stock after purchasing an additional 1,501 shares during the quarter. Allworth Financial LP owned 0.06% of Franklin BSP Realty Trust worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of FBRT. State Street Corp boosted its stake in Franklin BSP Realty Trust by 3.6% in the 3rd quarter. State Street Corp now owns 3,359,241 shares of the company’s stock worth $45,059,000 after purchasing an additional 116,589 shares during the period. Geode Capital Management LLC raised its holdings in shares of Franklin BSP Realty Trust by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock valued at $25,335,000 after acquiring an additional 9,428 shares in the last quarter. Strong Tower Advisory Services raised its holdings in shares of Franklin BSP Realty Trust by 9.7% in the 4th quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company’s stock valued at $14,510,000 after acquiring an additional 101,951 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Franklin BSP Realty Trust by 13.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company’s stock valued at $13,403,000 after acquiring an additional 117,745 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Franklin BSP Realty Trust by 16.8% in the 4th quarter. Van ECK Associates Corp now owns 725,963 shares of the company’s stock valued at $9,104,000 after acquiring an additional 104,599 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Down 0.3 %

NYSE FBRT opened at $13.18 on Friday. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.96 and a twelve month high of $14.11. The firm has a market capitalization of $1.08 billion, a PE ratio of 15.87 and a beta of 1.39. The stock’s 50 day moving average is $12.71 and its 200 day moving average is $12.91.

Franklin BSP Realty Trust (NYSE:FBRT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. The business had revenue of $55.95 million during the quarter, compared to analyst estimates of $49.28 million. Research analysts forecast that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 annualized dividend and a yield of 10.78%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 171.08%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FBRT. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on 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. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $15.63.

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).