JPMorgan Chase & Co. Has $879,000 Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

JPMorgan Chase & Co. reduced its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 50.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,326 shares of the company's stock after selling 68,554 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of Franklin BSP Realty Trust worth $879,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Strong Tower Advisory Services increased its stake in Franklin BSP Realty Trust by 28.7% during the third quarter. Strong Tower Advisory Services now owns 1,055,160 shares of the company's stock valued at $13,780,000 after acquiring an additional 235,548 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Franklin BSP Realty Trust by 13.0% during the third 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 during the period. State Street Corp raised its stake in shares of Franklin BSP Realty Trust by 3.6% in the third 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Franklin BSP Realty Trust by 62.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,148 shares of the company's stock worth $1,621,000 after purchasing an additional 47,650 shares during the period. Finally, Quest Partners LLC boosted its stake in Franklin BSP Realty Trust by 3,544,900.0% during the third quarter. Quest Partners LLC now owns 35,450 shares of the company's stock worth $463,000 after buying an additional 35,449 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT traded up $0.11 during mid-day trading on Friday, hitting $12.47. 331,183 shares of the stock were exchanged, compared to its average volume of 338,969. The company has a market cap of $1.02 billion, a P/E ratio of 15.20 and a beta of 1.39. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.96 and a twelve month high of $14.11. The stock's fifty day simple moving average is $12.74 and its two-hundred day simple moving average is $12.98.

Franklin BSP Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.39%. Franklin BSP Realty Trust's dividend payout ratio is 173.17%.

Analysts Set New Price Targets

A number of equities analysts have recently commented 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 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 on the stock. Four 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.com, Franklin BSP Realty Trust has an average rating of "Buy" and a consensus price target 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).