Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Sold by Beacon Capital Management LLC

Beacon Capital Management LLC reduced its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 19.8% during the 2nd quarter, Holdings Channel reports. The firm owned 10,070 shares of the company’s stock after selling 2,491 shares during the quarter. Beacon Capital Management LLC’s holdings in Franklin BSP Realty Trust were worth $143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FBRT. Cliffwater LLC purchased a new position in shares of Franklin BSP Realty Trust during the 4th quarter valued at approximately $24,381,000. State Street Corp raised its position in Franklin BSP Realty Trust by 92.6% during the second quarter. State Street Corp now owns 2,757,859 shares of the company’s stock worth $38,102,000 after acquiring an additional 1,326,061 shares during the period. Neuberger Berman Group LLC purchased a new position in Franklin BSP Realty Trust during the first quarter valued at $16,702,000. Vanguard Group Inc. grew its position in shares of Franklin BSP Realty Trust by 28.9% in the first quarter. Vanguard Group Inc. now owns 4,624,886 shares of the company’s stock valued at $64,655,000 after purchasing an additional 1,036,299 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Franklin BSP Realty Trust in the fourth quarter valued at about $7,595,000. 59.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on FBRT shares. Raymond James upped their price target on shares of Franklin BSP Realty Trust from $14.50 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Jonestrading restated a “buy” rating and issued a $16.00 target price on shares of Franklin BSP Realty Trust in a research report on Wednesday, August 2nd.

Franklin BSP Realty Trust Price Performance

FBRT traded up $0.08 on Tuesday, reaching $14.17. 6,334 shares of the company’s stock were exchanged, compared to its average volume of 287,118. Franklin BSP Realty Trust, Inc. has a twelve month low of $10.34 and a twelve month high of $14.92. The stock has a market cap of $1.16 billion, a PE ratio of 9.92 and a beta of 1.51. The company has a debt-to-equity ratio of 3.14, a current ratio of 87.94 and a quick ratio of 87.94. The stock’s fifty day moving average price is $13.96 and its 200-day moving average price is $13.34.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be given a $0.355 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.02%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 100.00%.

Franklin BSP Realty Trust Company 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).