Deutsche Bank AG Has $940,000 Stock Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Deutsche Bank AG boosted its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 51.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,962 shares of the company's stock after purchasing an additional 25,322 shares during the period. Deutsche Bank AG owned 0.09% of Franklin BSP Realty Trust worth $940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FBRT. Quarry LP acquired a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at $32,000. Costello Asset Management INC acquired a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at $58,000. LaSalle St. Investment Advisors LLC acquired a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at $133,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at $147,000. Finally, Stifel Financial Corp acquired a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at $148,000. 59.87% of the stock is owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Trading Up 1.2%

Shares of Franklin BSP Realty Trust stock traded up $0.14 during trading on Thursday, reaching $11.10. 343,060 shares of the company were exchanged, compared to its average volume of 388,327. The business has a 50-day moving average price of $11.58 and a 200-day moving average price of $12.44. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $912.18 million, a price-to-earnings ratio of 13.37 and a beta of 1.07. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 12.80%. Franklin BSP Realty Trust's dividend payout ratio is presently 208.82%.

Analyst Upgrades and Downgrades

FBRT has been the subject of several research reports. Citigroup reissued an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Jones Trading lowered their target price on Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, JMP Securities reissued a "market outperform" rating and issued a $15.00 target price on shares of Franklin BSP Realty Trust in a research note on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $15.30.

Franklin BSP Realty Trust 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).