Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Sold by Financial Management Network Inc.

Financial Management Network Inc. trimmed its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,747 shares of the company's stock after selling 19,762 shares during the period. Financial Management Network Inc. owned about 0.16% of Franklin BSP Realty Trust worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Franklin BSP Realty Trust by 3.6% during the 3rd quarter. State Street Corp now owns 3,359,241 shares of the company's stock worth $45,059,000 after acquiring an additional 116,589 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Franklin BSP Realty Trust by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company's stock worth $25,335,000 after acquiring an additional 9,428 shares in the last quarter. Strong Tower Advisory Services raised its stake in shares of Franklin BSP Realty Trust by 9.7% during the 4th quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company's stock worth $14,510,000 after acquiring an additional 101,951 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Franklin BSP Realty Trust by 13.0% during 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 purchasing 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 fourth quarter. Van ECK Associates Corp now owns 725,963 shares of the company's stock worth $9,104,000 after buying an additional 104,599 shares during the last quarter. 59.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on FBRT shares. B. Riley raised shares of Franklin BSP Realty Trust to a "strong-buy" rating in a report on Tuesday, January 7th. Janney Montgomery Scott started coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued a "buy" rating and a $16.00 price target for the company. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $15.63.

Franklin BSP Realty Trust Stock Performance

FBRT stock traded down $0.11 during midday trading on Friday, hitting $13.09. 397,280 shares of the stock traded hands, compared to its average volume of 363,640. The firm has a market cap of $1.07 billion, a P/E ratio of 15.77 and a beta of 1.39. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. The stock's fifty day simple moving average is $12.71 and its 200-day simple moving average is $12.91. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.96 and a 1-year high of $14.11.

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

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared 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 10.85%. Franklin BSP Realty Trust's dividend payout ratio is presently 171.08%.

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).