MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $11.34 Million Stock Holdings in Franklin BSP Realty Trust, Inc. $FBRT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Franklin BSP Realty Trust by 11.0%, acquiring an additional 88,378 shares, bringing its total holdings to approximately 890,249 shares worth $11.34 million.
• Royal Bank of Canada and Quarry LP are among several hedge funds that also enhanced their positions in Franklin BSP Realty Trust during the first quarter, indicating increasing institutional interest in the company.
• Analysts have set a new target price for Franklin BSP Realty Trust at $13.00 while maintaining a "buy" rating, reflecting ongoing positive sentiment despite the recent downgrade from a higher target price.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 890,249 shares of the company's stock after purchasing an additional 88,378 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.08% of Franklin BSP Realty Trust worth $11,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FBRT. Central Pacific Bank Trust Division bought a new position in shares of Franklin BSP Realty Trust during the 1st quarter valued at about $32,000. AlphaQuest LLC purchased a new stake in Franklin BSP Realty Trust during the first quarter valued at about $32,000. Tortoise Investment Management LLC purchased a new stake in Franklin BSP Realty Trust during the first quarter valued at about $39,000. GAMMA Investing LLC lifted its stake in Franklin BSP Realty Trust by 1,683.5% during the first quarter. GAMMA Investing LLC now owns 4,637 shares of the company's stock valued at $59,000 after buying an additional 4,377 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Franklin BSP Realty Trust by 138.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,044 shares of the company's stock valued at $64,000 after buying an additional 2,926 shares in the last quarter. Institutional investors own 59.87% of the company's stock.

Franklin BSP Realty Trust Stock Up 0.2%

FBRT traded up $0.02 during midday trading on Monday, hitting $11.38. 57,107 shares of the company's stock traded hands, compared to its average volume of 509,459. The company has a market cap of $936.35 million, a PE ratio of 11.59 and a beta of 1.04. The stock's fifty day simple moving average is $10.99 and its 200-day simple moving average is $11.43. The company has a debt-to-equity ratio of 3.21, a current ratio of 81.24 and a quick ratio of 81.24. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 12.5%. Franklin BSP Realty Trust's payout ratio is presently 144.90%.

Analyst Ratings Changes

Separately, Jones Trading reduced 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 research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $14.88.

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).