Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 132.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,515 shares of the company's stock after acquiring an additional 89,189 shares during the period. JPMorgan Chase & Co. owned about 0.19% of Franklin BSP Realty Trust worth $1,963,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GraniteShares Advisors LLC bought a new stake in Franklin BSP Realty Trust during the fourth quarter valued at about $2,475,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Franklin BSP Realty Trust by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,162,977 shares of the company's stock valued at $14,584,000 after buying an additional 136,687 shares in the last quarter. Condor Capital Management grew its position in shares of Franklin BSP Realty Trust by 58.7% in the 4th quarter. Condor Capital Management now owns 302,192 shares of the company's stock worth $3,789,000 after buying an additional 111,813 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Franklin BSP Realty Trust by 16.8% during the 4th quarter. Van ECK Associates Corp now owns 725,963 shares of the company's stock worth $9,104,000 after acquiring an additional 104,599 shares in the last quarter. Finally, Strong Tower Advisory Services lifted its position in Franklin BSP Realty Trust by 9.7% during the fourth quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company's stock valued at $14,510,000 after acquiring an additional 101,951 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FBRT. JMP Securities reaffirmed a "market outperform" rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday. Jones Trading reduced their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday. B. Riley upgraded shares of Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, Citigroup restated an "outperform" rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Franklin BSP Realty Trust currently has an average rating of "Buy" and an average price target of $15.30.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT traded down $0.19 on Wednesday, reaching $11.40. The stock had a trading volume of 705,769 shares, compared to its average volume of 376,034. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89. The stock has a market cap of $953.46 million, a P/E ratio of 13.73 and a beta of 1.14. The business's 50-day moving average price is $12.38 and its 200 day moving average price is $12.69. Franklin BSP Realty Trust, Inc. has a 12-month low of $10.50 and a 12-month high of $14.12.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. As a group, equities analysts expect that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 12.46%. The ex-dividend date was Monday, March 31st. Franklin BSP Realty Trust's dividend payout ratio (DPR) is 208.82%.

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).