Ameriprise Financial Inc. Decreases Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Ameriprise Financial Inc. trimmed its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 21.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,405 shares of the company's stock after selling 58,172 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.26% of Franklin BSP Realty Trust worth $2,664,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Gratia Capital LLC grew its position in Franklin BSP Realty Trust by 110.0% in the 4th quarter. Gratia Capital LLC now owns 622,622 shares of the company's stock valued at $7,808,000 after buying an additional 326,122 shares during the last quarter. GraniteShares Advisors LLC purchased a new position in Franklin BSP Realty Trust in the 4th quarter valued at $2,475,000. Northern Trust Corp grew its position in Franklin BSP Realty Trust by 17.5% in the 4th quarter. Northern Trust Corp now owns 958,564 shares of the company's stock valued at $12,020,000 after buying an additional 142,437 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Franklin BSP Realty Trust by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock valued at $14,584,000 after buying an additional 136,687 shares during the last quarter. Finally, Condor Capital Management grew its position in Franklin BSP Realty Trust by 58.7% in the 4th quarter. Condor Capital Management now owns 302,192 shares of the company's stock valued at $3,789,000 after buying an additional 111,813 shares during the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JMP Securities reiterated a "market outperform" rating and issued a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Citigroup reiterated an "outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Finally, Jones Trading lowered their price objective on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Franklin BSP Realty Trust currently has a consensus rating of "Buy" and an average price target of $15.30.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT traded down $0.20 during trading on Monday, hitting $10.84. 295,220 shares of the company were exchanged, compared to its average volume of 389,678. The company has a market cap of $890.80 million, a price-to-earnings ratio of 13.05 and a beta of 1.07. Franklin BSP Realty Trust, Inc. has a 1 year low of $10.50 and a 1 year high of $14.12. The firm's fifty day moving average price is $11.50 and its 200 day moving average price is $12.40. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a dividend of $0.355 per share. The ex-dividend date was Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 13.11%. Franklin BSP Realty Trust's payout ratio is currently 208.82%.

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).