Invesco Ltd. Has $14.26 Million Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Invesco Ltd. increased its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,137,128 shares of the company's stock after purchasing an additional 75,240 shares during the period. Invesco Ltd. owned approximately 1.39% of Franklin BSP Realty Trust worth $14,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its stake in shares of Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company's stock worth $34,000 after acquiring an additional 787 shares in the last quarter. Barclays PLC increased its position in shares of Franklin BSP Realty Trust by 22.0% during the 3rd quarter. Barclays PLC now owns 136,534 shares of the company's stock worth $1,784,000 after purchasing an additional 24,633 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Franklin BSP Realty Trust by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company's stock worth $25,335,000 after purchasing an additional 9,428 shares in the last quarter. Strong Tower Advisory Services boosted its holdings in shares of Franklin BSP Realty Trust by 9.7% in the 4th quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company's stock valued at $14,510,000 after buying an additional 101,951 shares during the last quarter. Finally, Mutual Advisors LLC grew its stake in shares of Franklin BSP Realty Trust by 7.7% in the fourth quarter. Mutual Advisors LLC now owns 19,728 shares of the company's stock valued at $247,000 after buying an additional 1,402 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FBRT has been the topic of several analyst reports. B. Riley raised shares of Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. Citigroup reiterated an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Finally, Jones Trading reiterated a "buy" rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $15.50.

Franklin BSP Realty Trust Stock Performance

Shares of NYSE:FBRT traded up $0.17 during trading on Friday, reaching $11.64. 371,850 shares of the stock were exchanged, compared to its average volume of 371,853. Franklin BSP Realty Trust, Inc. has a 12 month low of $10.50 and a 12 month high of $14.12. The stock has a 50-day moving average price of $12.48 and a 200-day moving average price of $12.71. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42. The firm has a market cap of $973.12 million, a PE ratio of 14.02 and a beta of 1.14.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $55.95 million during the quarter, compared to the consensus estimate of $49.28 million. Research analysts expect that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 12.20%. The ex-dividend date of this dividend was Monday, March 31st. Franklin BSP Realty Trust's dividend payout ratio (DPR) is 171.08%.

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).