Van ECK Associates Corp Purchases 6,312 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Van ECK Associates Corp raised its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490,114 shares of the company’s stock after buying an additional 6,312 shares during the period. Van ECK Associates Corp’s holdings in Franklin BSP Realty Trust were worth $6,621,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FBRT. Retirement Financial Solutions LLC boosted its holdings in shares of Franklin BSP Realty Trust by 3.9% during the fourth quarter. Retirement Financial Solutions LLC now owns 31,789 shares of the company’s stock worth $429,000 after purchasing an additional 1,184 shares during the period. Mariner LLC grew its position in shares of Franklin BSP Realty Trust by 0.4% in the 3rd quarter. Mariner LLC now owns 426,401 shares of the company’s stock worth $5,646,000 after buying an additional 1,501 shares during the last quarter. Beacon Capital Management LLC grew its position in shares of Franklin BSP Realty Trust by 15.3% in the 4th quarter. Beacon Capital Management LLC now owns 11,607 shares of the company’s stock worth $154,000 after buying an additional 1,537 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Franklin BSP Realty Trust by 5.6% during the third quarter. Nisa Investment Advisors LLC now owns 30,020 shares of the company’s stock valued at $397,000 after buying an additional 1,591 shares during the period. Finally, Golden Green Inc. raised its holdings in shares of Franklin BSP Realty Trust by 11.7% during the third quarter. Golden Green Inc. now owns 21,256 shares of the company’s stock valued at $281,000 after acquiring an additional 2,233 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Down 0.5 %

Shares of Franklin BSP Realty Trust stock opened at $12.77 on Friday. Franklin BSP Realty Trust, Inc. has a 1 year low of $11.99 and a 1 year high of $14.70. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 9.67 and a beta of 1.43. The company has a 50-day moving average of $12.83 and a 200 day moving average of $13.06. The company has a debt-to-equity ratio of 3.21, a current ratio of 88.39 and a quick ratio of 83.74.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its earnings results on Tuesday, April 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Franklin BSP Realty Trust had a net margin of 53.82% and a return on equity of 14.32%. The business had revenue of $53.95 million for the quarter, compared to the consensus estimate of $54.64 million. During the same period in the prior year, the business posted $0.44 EPS. As a group, sell-side analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date of this dividend was Wednesday, March 27th. Franklin BSP Realty Trust’s payout ratio is 107.58%.

Wall Street Analyst Weigh In

FBRT has been the topic of several recent analyst reports. Raymond James upgraded shares of Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Friday, April 12th. JMP Securities raised shares of Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research note on Wednesday, January 10th. Jonestrading decreased their price target on shares of Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Finally, BTIG Research cut their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th.

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).