Savvy Advisors Inc. Invests $377,000 in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Key Points

• Savvy Advisors Inc. has purchased a new position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT), acquiring 29,608 shares valued at approximately $377,000.
• Institutional investors now own 59.87% of Franklin BSP Realty Trust, with other firms like Gratia Capital LLC and Strong Tower Advisory Services significantly increasing their stakes in recent months.
• Franklin BSP Realty Trust has declared a quarterly dividend of $0.355 per share, yielding 13.1%, with a high dividend payout ratio of 144.90%.

Savvy Advisors Inc. bought a new stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 29,608 shares of the company's stock, valued at approximately $377,000.

Several other hedge funds have also bought and sold shares of FBRT. Cetera Investment Advisers lifted its holdings in shares of Franklin BSP Realty Trust by 0.9% in the 1st quarter. Cetera Investment Advisers now owns 120,972 shares of the company's stock worth $1,541,000 after acquiring an additional 1,114 shares during the last quarter. Shorepoint Capital Partners LLC lifted its holdings in shares of Franklin BSP Realty Trust by 2.8% in the 4th quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company's stock worth $645,000 after acquiring an additional 1,400 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Franklin BSP Realty Trust by 5.8% in the 1st quarter. Apollon Wealth Management LLC now owns 27,237 shares of the company's stock worth $347,000 after acquiring an additional 1,496 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Franklin BSP Realty Trust by 7.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,594 shares of the company's stock worth $288,000 after acquiring an additional 1,512 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its holdings in shares of Franklin BSP Realty Trust by 22.3% in the 4th quarter. AlphaCore Capital LLC now owns 12,569 shares of the company's stock worth $162,000 after acquiring an additional 2,288 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors.

Franklin BSP Realty Trust Trading Down 1.4%

Franklin BSP Realty Trust stock traded down $0.16 during mid-day trading on Thursday, reaching $11.01. 311,157 shares of the company traded hands, compared to its average volume of 704,821. The company has a debt-to-equity ratio of 3.21, a current ratio of 81.24 and a quick ratio of 81.24. The firm's 50 day moving average price is $10.79 and its 200 day moving average price is $11.69. The firm has a market capitalization of $905.49 million, a price-to-earnings ratio of 11.23 and a beta of 1.01. Franklin BSP Realty Trust, Inc. has a 52-week low of $9.79 and a 52-week high of $13.74.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 30th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend was Monday, June 30th. Franklin BSP Realty Trust's payout ratio is presently 144.90%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Jones Trading decreased their target price on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. JMP Securities reaffirmed 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. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Franklin BSP Realty Trust currently has a consensus rating of "Buy" and an average price target of $14.88.

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).