Capital Investment Advisory Services LLC Trims Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Capital Investment Advisory Services LLC trimmed its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 58.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,994 shares of the company’s stock after selling 18,548 shares during the period. Capital Investment Advisory Services LLC’s holdings in Franklin BSP Realty Trust were worth $176,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Franklin BSP Realty Trust by 280.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,041 shares of the company’s stock worth $80,000 after buying an additional 4,453 shares in the last quarter. SageView Advisory Group LLC purchased a new position in shares of Franklin BSP Realty Trust in the 3rd quarter worth about $153,000. Beacon Capital Management LLC boosted its holdings in shares of Franklin BSP Realty Trust by 15.3% in the 4th quarter. Beacon Capital Management LLC now owns 11,607 shares of the company’s stock worth $154,000 after purchasing an additional 1,537 shares in the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of Franklin BSP Realty Trust in the 4th quarter worth about $162,000. Finally, Strategic Blueprint LLC boosted its holdings in shares of Franklin BSP Realty Trust by 7.8% in the 3rd quarter. Strategic Blueprint LLC now owns 13,505 shares of the company’s stock worth $179,000 after purchasing an additional 978 shares in the last quarter. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FBRT has been the subject of a number of research reports. BTIG Research cut their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Jonestrading dropped their target price on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 16th. JMP Securities upgraded Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a report on Wednesday, January 10th. Finally, Raymond James upgraded Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price for the company in a report on Friday, April 12th.

Franklin BSP Realty Trust Trading Down 1.2 %

Shares of FBRT stock opened at $12.60 on Thursday. The business has a 50-day moving average of $12.85 and a 200 day moving average of $13.07. The stock has a market capitalization of $1.03 billion, a PE ratio of 8.94 and a beta of 1.43. The company has a debt-to-equity ratio of 3.15, a current ratio of 83.74 and a quick ratio of 83.74. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.73 and a 1-year high of $14.70.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date was Wednesday, March 27th. Franklin BSP Realty Trust’s payout ratio is 100.71%.

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).