Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP decreased its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,000 shares of the company's stock after selling 27,000 shares during the quarter. Greenland Capital Management LP owned approximately 0.13% of Franklin BSP Realty Trust worth $1,354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in FBRT. FMR LLC grew its stake in Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company's stock worth $34,000 after buying an additional 787 shares during the last quarter. Costello Asset Management INC acquired a new stake in shares of Franklin BSP Realty Trust in the fourth quarter valued at approximately $58,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Franklin BSP Realty Trust in the fourth quarter valued at approximately $147,000. Longboard Asset Management LP purchased a new position in shares of Franklin BSP Realty Trust during the fourth quarter worth approximately $174,000. Finally, Hodges Capital Management Inc. acquired a new position in shares of Franklin BSP Realty Trust in the 3rd quarter valued at $189,000. Institutional investors and hedge funds own 59.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FBRT shares. Jones Trading reiterated a "buy" rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday, March 11th. B. Riley upgraded shares of Franklin BSP Realty Trust to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Citigroup restated an "outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Franklin BSP Realty Trust currently has an average rating of "Buy" and an average price target of $15.50.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT stock traded down $0.02 during mid-day trading on Friday, hitting $10.81. The stock had a trading volume of 783,310 shares, compared to its average volume of 368,020. The firm has a market cap of $903.95 million, a PE ratio of 13.02 and a beta of 1.14. The company's 50-day simple moving average is $12.81 and its 200-day simple moving average is $12.82. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $10.50 and a fifty-two week high of $14.12.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $49.28 million. Sell-side analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Franklin BSP Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were paid 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 13.14%. Franklin BSP Realty Trust's dividend payout ratio (DPR) is presently 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).