Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Holdings Lowered by Beck Capital Management LLC

Beck Capital Management LLC reduced its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,211 shares of the company’s stock after selling 4,661 shares during the period. Beck Capital Management LLC’s holdings in Franklin BSP Realty Trust were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FBRT. Vanguard Group Inc. lifted its position in Franklin BSP Realty Trust by 0.5% in the first quarter. Vanguard Group Inc. now owns 8,973,474 shares of the company’s stock worth $119,886,000 after purchasing an additional 48,171 shares during the period. Strong Tower Advisory Services raised its stake 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 13.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company’s stock valued at $13,403,000 after buying an additional 117,745 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Franklin BSP Realty Trust by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 702,184 shares of the company’s stock valued at $8,848,000 after buying an additional 39,000 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in Franklin BSP Realty Trust by 55.6% during the second quarter. 1832 Asset Management L.P. now owns 700,000 shares of the company’s stock valued at $8,820,000 after buying an additional 250,000 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $13.08 on Monday. Franklin BSP Realty Trust, Inc. has a 1 year low of $11.99 and a 1 year high of $14.66. The business’s fifty day moving average is $13.01 and its two-hundred day moving average is $12.99. The stock has a market capitalization of $1.07 billion, a P/E ratio of 15.95 and a beta of 1.41. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.86%. The ex-dividend date was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 173.17%.

Analyst Upgrades and Downgrades

Separately, Raymond James upped their price target on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a report on Thursday, September 19th.

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).