Vanguard Group Inc. Has $114.11 Million Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Vanguard Group Inc. lowered its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,099,403 shares of the company's stock after selling 98,274 shares during the quarter. Vanguard Group Inc. owned 11.12% of Franklin BSP Realty Trust worth $114,107,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GraniteShares Advisors LLC purchased a new position in Franklin BSP Realty Trust in the fourth quarter valued at about $2,475,000. Charles Schwab Investment Management Inc. grew its stake in shares of Franklin BSP Realty Trust by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock valued at $14,584,000 after buying an additional 136,687 shares in the last quarter. State Street Corp increased its holdings in 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 worth $45,059,000 after buying an additional 116,589 shares during the last quarter. Condor Capital Management increased its stake in shares of Franklin BSP Realty Trust by 58.7% during the 4th quarter. Condor Capital Management now owns 302,192 shares of the company's stock worth $3,789,000 after purchasing an additional 111,813 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Franklin BSP Realty Trust by 16.8% during the fourth quarter. Van ECK Associates Corp now owns 725,963 shares of the company's stock valued at $9,104,000 after buying an additional 104,599 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 down $0.02 during mid-day trading on Friday, hitting $10.81. 783,310 shares of the stock were exchanged, compared to its average volume of 368,020. Franklin BSP Realty Trust, Inc. has a twelve month low of $10.50 and a twelve month high of $14.12. The stock's fifty day simple moving average is $12.81 and its two-hundred day simple moving average is $12.82. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89. The company has a market cap of $903.95 million, a P/E ratio of 13.02 and a beta of 1.14.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $55.95 million during the quarter, compared to analysts' expectations of $49.28 million. As a group, analysts forecast that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 13.14%. The ex-dividend date was Monday, March 31st. Franklin BSP Realty Trust's dividend payout ratio (DPR) is presently 171.08%.

Analyst Ratings Changes

A number of analysts have recently weighed in on FBRT shares. Citigroup restated an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Jones Trading reissued a "buy" rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a report on Tuesday, March 11th. Finally, B. Riley upgraded 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. According to data from MarketBeat.com, Franklin BSP Realty Trust presently has an average rating of "Buy" and a consensus price target of $15.50.

About Franklin BSP Realty Trust

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).