2 weeks Ago By ABMN Staff
Townsquare Capital LLC grew its stake in shares of Franklin BSP Realty Trust, Inc. ( NYSE:FBRT – Free Report ) by 29.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 25,668 shares of the company’s stock after purchasing an additional 5,813 shares during the quarter. Townsquare Capital LLC’s holdings in Franklin BSP Realty Trust were worth $322,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also modified their holdings of the stock.
Geode Capital Management LLC lifted its position in Franklin BSP Realty Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock valued at $25,335,000 after acquiring an additional 9,428 shares during the last quarter.
Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 136,687 shares during the last quarter. Strong Tower Advisory Services boosted its position 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 purchasing an additional 101,951 shares during the period. Invesco Ltd.
grew its stake in Franklin BSP Realty Trust by 7.1% during the 4th quarter. Invesco Ltd.
now owns 1,137,128 shares of the company’s stock worth $14,260,000 after buying an additional 75,240 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Franklin BSP Realty Trust by 16.8% during the fourth quarter.
Van ECK Associates Corp now owns 725,963 shares of the company’s stock worth $9,104,000 after buying an additional 104,599 shares during the period. Hedge funds and other institutional investors own 59.87% of the company’s stock.
Franklin BSP Realty Trust Trading Down 0.8 % Shares of Franklin BSP Realty Trust stock opened at $11.27 on Tuesday.
The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.
42. The firm has a market cap of $942.59 million, a price-to-earnings ratio of 13.
58 and a beta of 1.14. Franklin BSP Realty Trust, Inc.
has a 52-week low of $10.50 and a 52-week high of $14.12.
The company’s 50-day simple moving average is $12.61 and its 200-day simple moving average is $12.75.
Franklin BSP Realty Trust Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a $0.355 dividend.
The ex-dividend date was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.
60%. Franklin BSP Realty Trust’s dividend payout ratio is presently 171.08%.
Analysts Set New Price Targets A number of equities analysts have recently issued reports on the stock. Jones Trading restated a “buy” rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th.
B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th.
Five research 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 presently has a consensus rating of “Buy” and an average target price of $15.50.
Get Our Latest Report on FBRT Franklin BSP Realty Trust Profile ( Free Report ) 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). Recommended Stories Receive News & Ratings for Franklin BSP Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin BSP Realty Trust and related companies with MarketBeat.
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