Invesco Ltd. Buys 75,240 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Invesco Ltd. lifted its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,137,128 shares of the company's stock after acquiring an additional 75,240 shares during the quarter. Invesco Ltd. owned approximately 1.39% of Franklin BSP Realty Trust worth $14,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FBRT. FMR LLC increased its position in shares of Franklin BSP Realty Trust by 42.9% during 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 bought a new stake in Franklin BSP Realty Trust during the 4th quarter worth approximately $58,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Franklin BSP Realty Trust in the fourth quarter worth approximately $147,000. Longboard Asset Management LP bought a new position in shares of Franklin BSP Realty Trust in the fourth quarter valued at approximately $174,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $194,000. Institutional investors and hedge funds own 59.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FBRT. B. Riley upgraded Franklin BSP Realty Trust to a "strong-buy" rating in a research note on Tuesday, January 7th. Citigroup restated an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Finally, Jones Trading restated a "buy" rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Franklin BSP Realty Trust has a consensus rating of "Buy" and an average target price of $15.50.

Franklin BSP Realty Trust Price Performance

FBRT traded up $0.13 on Friday, reaching $11.60. The company had a trading volume of 191,447 shares, compared to its average volume of 371,153. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89. Franklin BSP Realty Trust, Inc. has a 52-week low of $10.50 and a 52-week high of $14.12. The company has a market cap of $969.77 million, a price-to-earnings ratio of 13.94 and a beta of 1.14. The business has a 50 day simple moving average of $12.51 and a 200 day simple moving average of $12.72.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $55.95 million during the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current year.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a $0.355 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.25%. Franklin BSP Realty Trust's payout ratio is 171.08%.

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).