State Street Corp Acquires 116,589 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

State Street Corp grew its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,359,241 shares of the company's stock after acquiring an additional 116,589 shares during the period. State Street Corp owned about 4.10% of Franklin BSP Realty Trust worth $45,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Franklin BSP Realty Trust by 42.9% in the third quarter. FMR LLC now owns 2,623 shares of the company's stock worth $34,000 after buying an additional 787 shares during the period. Fairscale Capital LLC bought a new stake in Franklin BSP Realty Trust during the 2nd quarter worth approximately $41,000. KBC Group NV raised its stake in Franklin BSP Realty Trust by 51.6% during the 3rd quarter. KBC Group NV now owns 4,664 shares of the company's stock worth $61,000 after acquiring an additional 1,588 shares during the period. Your Advocates Ltd. LLP purchased a new position in Franklin BSP Realty Trust during the second quarter valued at approximately $76,000. Finally, Intech Investment Management LLC bought a new position in shares of Franklin BSP Realty Trust in the third quarter worth approximately $168,000. 59.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FBRT has been the topic of several recent analyst reports. Janney Montgomery Scott began coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a "buy" rating and a $16.00 price objective on the stock. Raymond James boosted their price objective on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a "strong-buy" rating in a research report on Thursday, September 19th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $15.50.

Franklin BSP Realty Trust Price Performance

FBRT traded up $0.24 during trading on Friday, hitting $12.67. 1,822,288 shares of the company traded hands, compared to its average volume of 340,146. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67. The company has a market cap of $1.04 billion, a PE ratio of 15.45 and a beta of 1.40. The stock's 50-day simple moving average is $13.00 and its two-hundred day simple moving average is $13.01. Franklin BSP Realty Trust, Inc. has a 1 year low of $11.99 and a 1 year high of $14.57.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be issued a $0.355 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.42 annualized dividend and a dividend yield of 11.21%. Franklin BSP Realty Trust's dividend payout ratio (DPR) is 173.17%.

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).