Prime Capital Investment Advisors LLC Buys Shares of 45,589 Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Prime Capital Investment Advisors LLC purchased a new position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 45,589 shares of the company’s stock, valued at approximately $616,000. Prime Capital Investment Advisors LLC owned approximately 0.06% of Franklin BSP Realty Trust at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. bought a new position in shares of Franklin BSP Realty Trust in the first quarter valued at approximately $680,000. Bank of New York Mellon Corp boosted its holdings in shares of Franklin BSP Realty Trust by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 374,100 shares of the company’s stock valued at $5,231,000 after acquiring an additional 10,905 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Franklin BSP Realty Trust by 70.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company’s stock valued at $39,000 after acquiring an additional 1,186 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Franklin BSP Realty Trust in the first quarter valued at approximately $851,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Franklin BSP Realty Trust by 49.8% in the first quarter. MetLife Investment Management LLC now owns 21,555 shares of the company’s stock valued at $301,000 after acquiring an additional 7,167 shares in the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FBRT shares. Jonestrading decreased their price objective on shares of Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 16th. JMP Securities upgraded shares of Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Wednesday, January 10th.

Franklin BSP Realty Trust Trading Down 4.8 %

Shares of NYSE:FBRT opened at $12.10 on Thursday. The stock has a market capitalization of $993.24 million, a price-to-earnings ratio of 8.58 and a beta of 1.43. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.73 and a 1-year high of $14.70. The company has a debt-to-equity ratio of 3.15, a quick ratio of 83.74 and a current ratio of 83.74. The company has a 50 day moving average price of $12.87 and a 200 day moving average price of $13.13.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 11.74%. The ex-dividend date of this dividend was Wednesday, March 27th. Franklin BSP Realty Trust’s payout ratio is 100.71%.

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).