First Trust Advisors LP Has $1.21 Million Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

First Trust Advisors LP trimmed its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 48.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,435 shares of the company's stock after selling 91,417 shares during the period. First Trust Advisors LP owned approximately 0.12% of Franklin BSP Realty Trust worth $1,209,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FBRT. Costello Asset Management INC bought a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at approximately $58,000. LaSalle St. Investment Advisors LLC acquired a new stake in Franklin BSP Realty Trust in the 4th quarter valued at $133,000. Dynamic Technology Lab Private Ltd bought a new stake in Franklin BSP Realty Trust in the fourth quarter valued at $147,000. Longboard Asset Management LP acquired a new position in Franklin BSP Realty Trust during the fourth quarter worth $174,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Franklin BSP Realty Trust during the fourth quarter valued at $194,000. Institutional investors and hedge funds own 59.87% of the company's stock.

Franklin BSP Realty Trust Price Performance

Shares of FBRT stock traded up $0.04 during trading hours on Friday, reaching $11.28. 283,022 shares of the company were exchanged, compared to its average volume of 378,447. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. The company has a market cap of $927.39 million, a price-to-earnings ratio of 13.59 and a beta of 1.07. The stock's fifty day moving average is $12.10 and its two-hundred day moving average is $12.61. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $10.50 and a fifty-two week high of $14.12.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. The firm had revenue of $55.95 million for the quarter, compared to analyst estimates of $49.28 million. Sell-side analysts forecast that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

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 given a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 12.59%. Franklin BSP Realty Trust's payout ratio is presently 208.82%.

Analyst Upgrades and Downgrades

FBRT has been the topic of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $15.00 target price 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 on the stock in a research note on Tuesday, April 29th. Finally, Citigroup reiterated an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price 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).