Franklin BSP Realty Trust (NYSE:FBRT) Director Peter Mcdonough Sells 1,500 Shares

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Director Peter Mcdonough sold 1,500 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $10.00, for a total value of $15,000.00. Following the transaction, the director owned 45,926 shares in the company, valued at approximately $459,260. This trade represents a 3.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Franklin BSP Realty Trust Stock Performance

FBRT traded up $0.29 during trading on Friday, hitting $10.02. The stock had a trading volume of 654,562 shares, compared to its average volume of 547,654. 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 company has a 50 day moving average price of $10.61 and a 200-day moving average price of $10.87. Franklin BSP Realty Trust, Inc. has a one year low of $9.71 and a one year high of $13.58. The firm has a market cap of $817.29 million, a price-to-earnings ratio of 12.52 and a beta of 1.00.

Franklin BSP Realty Trust Announces Dividend

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

Institutional Investors Weigh In On Franklin BSP Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in Franklin BSP Realty Trust in the 3rd quarter valued at about $112,000. Centaurus Financial Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 15.5% during the 3rd quarter. Centaurus Financial Inc. now owns 17,518 shares of the company’s stock worth $190,000 after acquiring an additional 2,345 shares during the period. Danske Bank A S acquired a new stake in shares of Franklin BSP Realty Trust during the 3rd quarter worth approximately $45,000. Dark Forest Capital Management LP bought a new position in Franklin BSP Realty Trust in the third quarter valued at approximately $1,304,000. Finally, Verition Fund Management LLC acquired a new position in Franklin BSP Realty Trust during the third quarter valued at approximately $120,000. Institutional investors own 59.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FBRT shares. Jones Trading cut 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 reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. One investment 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. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target 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).