Charles Schwab Investment Management Inc. Acquires 136,687 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,162,977 shares of the company's stock after purchasing an additional 136,687 shares during the period. Charles Schwab Investment Management Inc. owned 1.42% of Franklin BSP Realty Trust worth $14,584,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC boosted its holdings 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 acquiring an additional 787 shares in the last quarter. Costello Asset Management INC acquired a new stake in Franklin BSP Realty Trust in the 4th quarter valued at $58,000. KBC Group NV increased its stake in Franklin BSP Realty Trust by 51.6% during the 3rd quarter. KBC Group NV now owns 4,664 shares of the company's stock valued at $61,000 after purchasing an additional 1,588 shares in the last quarter. Intech Investment Management LLC acquired a new position in Franklin BSP Realty Trust during the third quarter worth $168,000. Finally, Longboard Asset Management LP bought a new position in shares of Franklin BSP Realty Trust in the fourth quarter valued at $174,000. Institutional investors and hedge funds own 59.87% of the company's stock.

Franklin BSP Realty Trust Stock Performance

Franklin BSP Realty Trust stock traded up $0.09 during mid-day trading on Monday, reaching $13.10. 271,894 shares of the company's stock were exchanged, compared to its average volume of 332,890. The firm has a market capitalization of $1.08 billion, a PE ratio of 15.79 and a beta of 1.37. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. The business's fifty day simple moving average is $12.96 and its 200 day simple moving average is $12.96. Franklin BSP Realty Trust, Inc. has a one year low of $11.96 and a one year high of $14.12.

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Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share for the quarter, topping 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 company had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 10.84%. Franklin BSP Realty Trust's payout ratio is currently 171.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FBRT shares. Jones Trading reissued a "buy" rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a research note on Thursday, December 12th. They issued a "buy" rating and a $16.00 price objective for the company. B. Riley raised Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, Citigroup reissued an "outperform" rating on shares of Franklin BSP Realty Trust in a research report 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 company's stock. According to data from MarketBeat, Franklin BSP Realty Trust presently has a consensus rating of "Buy" and a consensus price target 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).