Moors & Cabot Inc. Decreases Holdings in Franklin BSP Realty Trust, Inc. $FBRT

Moors & Cabot Inc. lowered its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 35.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,955 shares of the company’s stock after selling 8,834 shares during the quarter. Moors & Cabot Inc.’s holdings in Franklin BSP Realty Trust were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Teacher Retirement System of Texas purchased a new position in shares of Franklin BSP Realty Trust during the first quarter worth approximately $152,000. Principal Financial Group Inc. boosted its stake in shares of Franklin BSP Realty Trust by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 413,595 shares of the company’s stock valued at $5,269,000 after purchasing an additional 16,707 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Franklin BSP Realty Trust by 24.2% during the 1st quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company’s stock valued at $9,103,000 after purchasing an additional 139,417 shares during the last quarter. Apollon Wealth Management LLC raised its position in Franklin BSP Realty Trust by 5.8% in the 1st quarter. Apollon Wealth Management LLC now owns 27,237 shares of the company’s stock worth $347,000 after purchasing an additional 1,496 shares during the period. Finally, Victory Capital Management Inc. raised its position in Franklin BSP Realty Trust by 477.7% in the 1st quarter. Victory Capital Management Inc. now owns 83,357 shares of the company’s stock worth $1,062,000 after purchasing an additional 68,929 shares during the period. 59.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FBRT shares. Weiss Ratings restated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. Jones Trading lowered their target price on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $14.67.

Franklin BSP Realty Trust Trading Down 0.8%

Shares of FBRT opened at $9.91 on Monday. The stock has a market capitalization of $808.32 million, a P/E ratio of 12.38 and a beta of 1.00. Franklin BSP Realty Trust, Inc. has a twelve month low of $9.79 and a twelve month high of $13.58. The company has a quick ratio of 81.24, a current ratio of 81.24 and a debt-to-equity ratio of 3.21. The firm has a fifty day simple moving average of $10.94 and a two-hundred day simple moving average of $10.97.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date was Tuesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is currently 177.50%.

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).