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

Deutsche Bank AG raised its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 51.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,962 shares of the company's stock after acquiring an additional 25,322 shares during the quarter. Deutsche Bank AG owned about 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. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 136,687 shares in the last quarter. Invesco Ltd. increased its stake in shares of Franklin BSP Realty Trust by 7.1% during the 4th quarter. Invesco Ltd. now owns 1,137,128 shares of the company's stock worth $14,260,000 after purchasing an additional 75,240 shares during the last quarter. Northern Trust Corp grew its stake 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. Van ECK Associates Corp grew its position in shares of Franklin BSP Realty Trust by 16.8% during the 4th quarter. Van ECK Associates Corp now owns 725,963 shares of the company's stock worth $9,104,000 after purchasing an additional 104,599 shares in the last quarter. Finally, Gratia Capital LLC grew its position in shares of Franklin BSP Realty Trust by 110.0% during the 4th quarter. Gratia Capital LLC now owns 622,622 shares of the company's stock worth $7,808,000 after purchasing an additional 326,122 shares in the last quarter. 59.87% of the stock is owned by institutional investors.

Franklin BSP Realty Trust Stock Down 0.4%

NYSE:FBRT traded down $0.04 during trading hours on Friday, reaching $11.04. The company had a trading volume of 341,395 shares, compared to its average volume of 390,060. 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 cap of $907.65 million, a price-to-earnings ratio of 13.30 and a beta of 1.07. The business's 50-day simple moving average is $11.50 and its two-hundred day simple moving average is $12.41. 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 business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 12.86%. The ex-dividend date of this dividend was Monday, March 31st. Franklin BSP Realty Trust's payout ratio is 208.82%.

Analyst Upgrades and Downgrades

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

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).