Northern Trust Corp Increases Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Northern Trust Corp grew its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 17.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 958,564 shares of the company's stock after acquiring an additional 142,437 shares during the quarter. Northern Trust Corp owned about 1.17% of Franklin BSP Realty Trust worth $12,020,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Orion Portfolio Solutions LLC increased its position in shares of Franklin BSP Realty Trust by 6.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 20,877 shares of the company's stock worth $262,000 after purchasing an additional 1,238 shares during the last quarter. Shorepoint Capital Partners LLC increased its position in shares of Franklin BSP Realty Trust by 2.8% during the 4th quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company's stock worth $645,000 after purchasing an additional 1,400 shares during the last quarter. Mutual Advisors LLC increased its position in shares of Franklin BSP Realty Trust by 7.7% during the 4th quarter. Mutual Advisors LLC now owns 19,728 shares of the company's stock worth $247,000 after purchasing an additional 1,402 shares during the last quarter. Allworth Financial LP increased its position in shares of Franklin BSP Realty Trust by 3.2% during the 4th quarter. Allworth Financial LP now owns 48,183 shares of the company's stock worth $599,000 after purchasing an additional 1,501 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth about $32,000. 59.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FBRT has been the subject of a number of recent analyst reports. Citigroup reissued an "outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Jones Trading cut their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, JMP Securities reissued a "market outperform" rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. 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, the company currently has an average rating of "Buy" and a consensus target price of $15.30.

Franklin BSP Realty Trust Trading Up 0.2%

Franklin BSP Realty Trust stock traded up $0.02 during midday trading on Thursday, reaching $10.83. 592,506 shares of the stock traded hands, compared to its average volume of 387,003. The company has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $12.50. Franklin BSP Realty Trust, Inc. has a 12-month low of $10.50 and a 12-month high of $14.12. The firm has a market cap of $890.39 million, a PE ratio of 13.05 and a beta of 1.07. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 13.11%. The ex-dividend date of this dividend was Monday, March 31st. Franklin BSP Realty Trust's dividend payout ratio (DPR) is 208.82%.

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).