Van ECK Associates Corp Has $8.04 Million Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Van ECK Associates Corp trimmed its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 5.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 621,364 shares of the company's stock after selling 38,437 shares during the period. Van ECK Associates Corp owned approximately 0.76% of Franklin BSP Realty Trust worth $8,040,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fairscale Capital LLC acquired a new position in Franklin BSP Realty Trust in the 2nd quarter valued at approximately $41,000. Your Advocates Ltd. LLP acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter worth $76,000. SG Americas Securities LLC bought a new stake in shares of Franklin BSP Realty Trust in the 1st quarter worth approximately $136,000. Concorde Asset Management LLC acquired a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter worth approximately $187,000. Finally, Marble Harbor Investment Counsel LLC bought a new stake in shares of Franklin BSP Realty Trust during the second quarter valued at approximately $189,000. 59.87% of the stock is currently owned by institutional investors.

Franklin BSP Realty Trust Stock Down 0.2 %

Shares of Franklin BSP Realty Trust stock traded down $0.02 during trading on Thursday, reaching $13.19. The stock had a trading volume of 164,712 shares, compared to its average volume of 331,581. The company has a current ratio of 89.36, a quick ratio of 89.36 and a debt-to-equity ratio of 3.54. The stock has a fifty day moving average price of $13.11 and a two-hundred day moving average price of $12.97. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.12 and a beta of 1.41. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.99 and a 52 week high of $14.66.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were issued a $0.355 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.42 annualized dividend and a yield of 10.77%. Franklin BSP Realty Trust's dividend payout ratio is currently 173.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BTIG Research restated a "buy" rating and set a $16.00 target price on shares of Franklin BSP Realty Trust in a research report on Friday, July 19th. Raymond James lifted their target price on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a "strong-buy" rating in a research note on Thursday, September 19th.

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).