Price T Rowe Associates Inc. MD Has $641,000 Stock Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Price T Rowe Associates Inc. MD cut its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,041 shares of the company's stock after selling 49,343 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.06% of Franklin BSP Realty Trust worth $641,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi lifted its position in Franklin BSP Realty Trust by 174.5% during the 4th quarter. Amundi now owns 39,545 shares of the company's stock worth $488,000 after buying an additional 25,139 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Franklin BSP Realty Trust by 132.5% in the fourth quarter. JPMorgan Chase & Co. now owns 156,515 shares of the company's stock worth $1,963,000 after acquiring an additional 89,189 shares during the last quarter. Strong Tower Advisory Services lifted its position in shares of 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 worth $14,510,000 after purchasing an additional 101,951 shares in the last quarter. GraniteShares Advisors LLC bought a new stake in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $2,475,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Franklin BSP Realty Trust in the fourth quarter valued at approximately $859,000. 59.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FBRT has been the topic of a number of recent research reports. Citigroup reiterated an "outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. JMP Securities reaffirmed a "market outperform" rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday, April 29th. Finally, Jones Trading decreased their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $15.30.

Franklin BSP Realty Trust Trading Up 0.2%

FBRT traded up $0.02 during midday trading on Friday, reaching $11.54. 598,630 shares of the company were exchanged, compared to its average volume of 381,935. The stock has a market capitalization of $948.93 million, a P/E ratio of 13.91 and a beta of 1.07. Franklin BSP Realty Trust, Inc. has a one year low of $10.50 and a one year high of $14.12. The stock's 50-day simple moving average is $11.96 and its 200 day simple moving average is $12.57. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $55.95 million during the quarter, compared to analysts' expectations of $49.28 million. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. As a group, 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 company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 12.30%. The ex-dividend date of this dividend was Monday, March 31st. Franklin BSP Realty Trust's dividend payout ratio is presently 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).