Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 575,068 shares of the company's stock after selling 20,545 shares during the period. Bank of New York Mellon Corp owned approximately 0.70% of Franklin BSP Realty Trust worth $7,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FBRT. FMR LLC lifted its position in Franklin BSP Realty Trust by 42.9% in the third quarter. FMR LLC now owns 2,623 shares of the company's stock worth $34,000 after purchasing an additional 787 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of Franklin BSP Realty Trust by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 19,639 shares of the company's stock valued at $256,000 after buying an additional 1,381 shares during the period. Mutual Advisors LLC boosted its stake in Franklin BSP Realty Trust by 7.7% during the fourth quarter. Mutual Advisors LLC now owns 19,728 shares of the company's stock valued at $247,000 after buying an additional 1,402 shares in the last quarter. Allworth Financial LP grew its holdings in Franklin BSP Realty Trust by 3.2% during the fourth quarter. Allworth Financial LP now owns 48,183 shares of the company's stock worth $599,000 after acquiring an additional 1,501 shares during the period. Finally, KBC Group NV raised its position 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 worth $61,000 after acquiring an additional 1,588 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

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Franklin BSP Realty Trust Stock Down 0.7 %

NYSE:FBRT traded down $0.10 during trading hours on Wednesday, hitting $13.18. 180,816 shares of the stock traded hands, compared to its average volume of 369,713. The firm has a 50 day moving average price of $12.91 and a 200 day moving average price of $12.96. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 15.85 and a beta of 1.37. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $14.11. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. The firm had revenue of $55.95 million for the quarter, compared to analyst estimates of $49.28 million. Equities research analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Franklin BSP Realty Trust Announces Dividend

The business 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 $0.355 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 10.78%. Franklin BSP Realty Trust's payout ratio is 171.08%.

Analysts Set New Price Targets

FBRT has been the topic of several recent research reports. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a research note on Thursday, December 12th. They issued a "buy" rating and a $16.00 price objective on the stock. Citigroup reaffirmed an "outperform" rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th. Jones Trading reissued a "buy" rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research note on Tuesday, March 11th. Finally, B. Riley raised Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $15.50.

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).