Amundi Purchases 25,139 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Amundi boosted its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 174.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,545 shares of the company's stock after acquiring an additional 25,139 shares during the period. Amundi's holdings in Franklin BSP Realty Trust were worth $488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FBRT. State Street Corp grew its position in shares of 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 valued at $45,059,000 after purchasing an additional 116,589 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Franklin BSP Realty Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company's stock valued at $25,335,000 after purchasing an additional 9,428 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Franklin BSP Realty Trust by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock worth $14,584,000 after buying an additional 136,687 shares in the last quarter. Strong Tower Advisory Services raised its position in 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 buying an additional 101,951 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in 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. 59.87% of the stock is owned by institutional investors.

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Franklin BSP Realty Trust Price Performance

FBRT stock traded up $0.09 during trading on Monday, reaching $13.10. 271,894 shares of the company were exchanged, compared to its average volume of 332,890. The company has a 50-day moving average of $12.96 and a two-hundred day moving average of $12.96. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.79 and a beta of 1.37. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.96 and a twelve month high of $14.12. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45.

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

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 10.84%. The ex-dividend date is Monday, March 31st. Franklin BSP Realty Trust's dividend payout ratio is presently 171.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jones Trading restated a "buy" rating and issued a $15.00 price objective on shares of Franklin BSP Realty Trust in a report on Tuesday, March 11th. B. Riley upgraded shares of Franklin BSP Realty Trust to a "strong-buy" rating in a research note on Tuesday, January 7th. Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a "buy" rating and a $16.00 price target for the company. Finally, Citigroup restated an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $15.50.

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).