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

RPS Advisory Solutions LLC grew its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 111.5% during the second quarter, according to the company in its most recent 13F filing 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 makes up approximately 1.0% of RPS Advisory Solutions LLC’s holdings, making the stock its 20th biggest holding. RPS Advisory Solutions LLC owned about 0.20% of Franklin BSP Realty Trust worth $1,781,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Savvy Advisors Inc. bought a new stake in Franklin BSP Realty Trust in the first quarter valued at about $377,000. Bank of New York Mellon Corp grew its position 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 in the last quarter. Condor Capital Management increased its holdings in shares of Franklin BSP Realty Trust by 9.7% in the 1st quarter. Condor Capital Management now owns 331,568 shares of the company’s stock valued at $4,224,000 after acquiring an additional 29,376 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Franklin BSP Realty Trust by 43.4% during the 1st quarter. Voya Investment Management LLC now owns 133,204 shares of the company’s stock valued at $1,697,000 after acquiring an additional 40,333 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Franklin BSP Realty Trust by 4.2% during the 1st quarter. Principal Financial Group Inc. now owns 413,595 shares of the company’s stock valued at $5,269,000 after acquiring an additional 16,707 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

Shares of FBRT opened at $9.99 on Friday. Franklin BSP Realty Trust, Inc. has a 12 month low of $9.79 and a 12 month high of $13.58. The company has a debt-to-equity ratio of 3.21, a current ratio of 81.24 and a quick ratio of 81.24. The stock has a fifty day moving average price of $10.97 and a 200 day moving average price of $10.99. The company has a market cap of $821.52 million, a P/E ratio of 12.48 and a beta of 1.00.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 30th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 177.50%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jones Trading decreased 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 report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Franklin BSP Realty Trust presently has a consensus rating of “Buy” and an average target price of $14.67.

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).