Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 62.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,148 shares of the company's stock after acquiring an additional 47,650 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Franklin BSP Realty Trust worth $1,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FBRT. Van ECK Associates Corp lifted its holdings in shares of Franklin BSP Realty Trust by 33.6% in the 2nd quarter. Van ECK Associates Corp now owns 659,801 shares of the company's stock worth $8,313,000 after buying an additional 166,120 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Franklin BSP Realty Trust by 35.2% in the 2nd quarter. Gabelli Funds LLC now owns 175,698 shares of the company's stock worth $2,214,000 after buying an additional 45,698 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 13.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company's stock worth $13,403,000 after buying an additional 117,745 shares during the period. Strong Tower Advisory Services lifted its holdings in shares of Franklin BSP Realty Trust by 28.7% in the 3rd quarter. Strong Tower Advisory Services now owns 1,055,160 shares of the company's stock worth $13,780,000 after buying an additional 235,548 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in shares of Franklin BSP Realty Trust by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 77,352 shares of the company's stock worth $1,010,000 after buying an additional 14,415 shares during the period. Institutional investors own 59.87% of the company's stock.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT stock traded down $0.19 during mid-day trading on Tuesday, reaching $13.00. The stock had a trading volume of 488,512 shares, compared to its average volume of 330,998. The business's fifty day moving average is $13.00 and its 200-day moving average is $13.01. 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 firm has a market cap of $1.06 billion, a price-to-earnings ratio of 15.85 and a beta of 1.40. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.99 and a 1-year high of $14.66.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed 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. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.92%. The ex-dividend date of this dividend is Tuesday, December 31st. Franklin BSP Realty Trust's dividend payout ratio is presently 173.17%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FBRT shares. Raymond James upped their price objective on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a "strong-buy" rating in a research note on Thursday, September 19th. Janney Montgomery Scott started coverage on Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a "buy" rating and a $16.00 price objective for the company. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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).