Global Retirement Partners LLC Lowers Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Global Retirement Partners LLC reduced its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 86.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,956 shares of the company's stock after selling 32,139 shares during the period. Global Retirement Partners LLC's holdings in Franklin BSP Realty Trust were worth $62,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FBRT. Principal Financial Group Inc. raised its position in Franklin BSP Realty Trust by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 396,888 shares of the company's stock worth $4,977,000 after buying an additional 11,138 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Franklin BSP Realty Trust by 3.2% during the fourth quarter. Allworth Financial LP now owns 48,183 shares of the company's stock valued at $599,000 after purchasing an additional 1,501 shares during the last quarter. Van ECK Associates Corp lifted its position 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 purchasing an additional 104,599 shares during the period. Apollon Wealth Management LLC grew its position in Franklin BSP Realty Trust by 23.0% in the 4th quarter. Apollon Wealth Management LLC now owns 25,741 shares of the company's stock worth $323,000 after purchasing an additional 4,819 shares during the period. Finally, Longboard Asset Management LP bought a new stake in Franklin BSP Realty Trust in the 4th quarter worth approximately $174,000. 59.87% of the stock is owned by institutional investors.

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Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock traded down $0.05 on Tuesday, hitting $13.22. 170,537 shares of the company's stock were exchanged, compared to its average volume of 331,898. Franklin BSP Realty Trust, Inc. has a 1 year low of $11.96 and a 1 year high of $14.12. The company has a 50-day simple moving average of $12.77 and a 200-day simple moving average of $12.96. 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 stock has a market capitalization of $1.09 billion, a PE ratio of 15.95 and a beta of 1.39.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last released its earnings results 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. The company had revenue of $55.95 million for the quarter, compared to the consensus estimate 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, equities analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 10.74%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust's dividend payout ratio is 171.08%.

Analyst Ratings Changes

Several research firms have recently weighed in on FBRT. Janney Montgomery Scott initiated coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a "buy" rating and a $16.00 price target on the stock. B. Riley raised Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. Three 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 MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $15.63.

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).