Franklin BSP Realty Trust, Inc. $FBRT Shares Bought by RPS Advisory Solutions LLC

RPS Advisory Solutions LLC lifted its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 111.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 166,615 shares of the company’s stock after purchasing an additional 87,853 shares during the quarter. Franklin BSP Realty Trust accounts for approximately 1.0% of RPS Advisory Solutions LLC’s holdings, making the stock its 20th largest position. RPS Advisory Solutions LLC’s holdings in Franklin BSP Realty Trust were worth $1,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in Franklin BSP Realty Trust in the first quarter worth about $2,542,000. Bank of New York Mellon Corp lifted its stake in shares of Franklin BSP Realty Trust by 24.2% in the 1st quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company’s stock worth $9,103,000 after acquiring an additional 139,417 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Franklin BSP Realty Trust by 51.6% in the first quarter. Gabelli Funds LLC now owns 280,351 shares of the company’s stock valued at $3,572,000 after acquiring an additional 95,450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Franklin BSP Realty Trust by 11.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,249 shares of the company’s stock valued at $11,342,000 after acquiring an additional 88,378 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Franklin BSP Realty Trust by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,244,760 shares of the company’s stock worth $15,858,000 after buying an additional 81,783 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Franklin BSP Realty Trust Stock Down 2.9%

Shares of Franklin BSP Realty Trust stock opened at $9.99 on Friday. The stock’s fifty day moving average is $10.97 and its 200-day moving average is $10.99. The firm has a market capitalization of $821.52 million, a PE ratio of 12.48 and a beta of 1.00. The company has a quick ratio of 81.24, a current ratio of 81.24 and a debt-to-equity ratio of 3.21. Franklin BSP Realty Trust, Inc. has a 12-month low of $9.79 and a 12-month high of $13.58.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 14.2%. The ex-dividend date was Tuesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 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).