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

Beck Capital Management LLC reduced its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,022 shares of the company’s stock after selling 2,189 shares during the period. Beck Capital Management LLC’s holdings in Franklin BSP Realty Trust were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FBRT. Dark Forest Capital Management LP acquired a new stake in shares of Franklin BSP Realty Trust during the fourth quarter worth $831,000. ClearAlpha Technologies LP acquired a new stake in Franklin BSP Realty Trust during the 4th quarter worth about $149,000. Stifel Financial Corp purchased a new stake in Franklin BSP Realty Trust during the 4th quarter valued at about $148,000. Tower Research Capital LLC TRC increased its holdings in shares of Franklin BSP Realty Trust by 227.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,001 shares of the company’s stock valued at $176,000 after purchasing an additional 9,725 shares during the period. Finally, Gamco Investors INC. ET AL raised its stake in shares of Franklin BSP Realty Trust by 73.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 79,644 shares of the company’s stock worth $999,000 after purchasing an additional 33,716 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FBRT has been the topic of a number of recent research reports. Jones Trading reiterated a “buy” rating and issued a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th. Finally, B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.50.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT opened at $11.57 on Wednesday. The stock has a market capitalization of $967.60 million, a price-to-earnings ratio of 13.94 and a beta of 1.14. The stock has a 50-day moving average of $12.58 and a 200 day moving average of $12.74. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42. Franklin BSP Realty Trust, Inc. has a twelve month low of $10.50 and a twelve month high of $14.12.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $55.95 million for the quarter, compared to analyst estimates of $49.28 million. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. Sell-side analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.27%. Franklin BSP Realty Trust’s dividend payout ratio is currently 171.08%.

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).