Charles Schwab Investment Management Inc. Acquires 81,783 Shares of Franklin BSP Realty Trust, Inc. $FBRT

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Franklin BSP Realty Trust, owning 1,244,760 shares after acquiring an additional 81,783 shares, representing approximately 1.51% of the company valued at $15.86 million.
• Franklin BSP Realty Trust has announced a quarterly dividend of $0.355 per share, translating to an annualized yield of 12.5% and a high dividend payout ratio of 144.90%.
• Equity analysts have mixed ratings for FBRT, with a consensus "Buy" rating and an average price target of $14.88, though some analysts have adjusted their targets, indicating varied expectations for the stock's performance.

Charles Schwab Investment Management Inc. grew its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,244,760 shares of the company's stock after buying an additional 81,783 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.51% of Franklin BSP Realty Trust worth $15,858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Strong Tower Advisory Services lifted its position in shares of Franklin BSP Realty Trust by 16.3% during the 1st quarter. Strong Tower Advisory Services now owns 1,345,488 shares of the company's stock worth $17,142,000 after buying an additional 188,377 shares in the last quarter. Northern Trust Corp lifted its position in shares of Franklin BSP Realty Trust by 17.5% during the 4th quarter. Northern Trust Corp now owns 958,564 shares of the company's stock worth $12,020,000 after buying an additional 142,437 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Franklin BSP Realty Trust by 10.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 801,871 shares of the company's stock worth $10,055,000 after buying an additional 72,621 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Franklin BSP Realty Trust by 24.2% during the 1st quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company's stock worth $9,103,000 after buying an additional 139,417 shares in the last quarter. Finally, Gratia Capital LLC lifted 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 buying an additional 326,122 shares in the last quarter. Institutional investors own 59.87% of the company's stock.

Franklin BSP Realty Trust Stock Performance

Shares of NYSE:FBRT traded down $0.01 during mid-day trading on Thursday, reaching $11.35. The company had a trading volume of 239,437 shares, compared to its average volume of 580,862. The company has a current ratio of 81.24, a quick ratio of 81.24 and a debt-to-equity ratio of 3.21. The firm has a market cap of $933.47 million, a price-to-earnings ratio of 11.58 and a beta of 1.01. The company's 50-day moving average price is $10.84 and its 200-day moving average price is $11.58. Franklin BSP Realty Trust, Inc. has a one year low of $9.79 and a one year high of $13.74.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Monday, June 30th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend was Monday, June 30th. Franklin BSP Realty Trust's payout ratio is 144.90%.

Analyst Ratings Changes

Separately, Jones Trading lowered their price target on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, Franklin BSP Realty Trust has an average rating of "Buy" and an average price target of $14.88.

About Franklin BSP Realty Trust

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).