Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Sold by Financial Management Network Inc.

Financial Management Network Inc. lowered its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,509 shares of the company’s stock after selling 9,496 shares during the quarter. Financial Management Network Inc. owned approximately 0.18% of Franklin BSP Realty Trust worth $1,904,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at approximately $41,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Franklin BSP Realty Trust in the first quarter valued at approximately $46,000. Your Advocates Ltd. LLP acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at approximately $76,000. SG Americas Securities LLC acquired a new stake in shares of Franklin BSP Realty Trust in the first quarter valued at approximately $136,000. Finally, Concorde Asset Management LLC acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at approximately $187,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $16.00 price target on shares of Franklin BSP Realty Trust in a report on Friday, July 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a report on Thursday, June 27th. Finally, Raymond James increased their price target on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a report on Thursday, September 19th.

Franklin BSP Realty Trust Trading Up 0.3 %

Franklin BSP Realty Trust stock traded up $0.04 during mid-day trading on Friday, hitting $13.15. The company’s stock had a trading volume of 20,346 shares, compared to its average volume of 329,807. The firm has a market capitalization of $1.08 billion, a PE ratio of 9.93 and a beta of 1.42. Franklin BSP Realty Trust, Inc. has a 1 year low of $11.99 and a 1 year high of $14.66. The company has a current ratio of 89.36, a quick ratio of 89.36 and a debt-to-equity ratio of 3.54. The stock’s fifty day moving average is $13.11 and its two-hundred day moving average is $12.92.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were given a $0.355 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.42 annualized dividend and a yield of 10.80%. Franklin BSP Realty Trust’s payout ratio is 107.58%.

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).