Swiss National Bank Decreases Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Swiss National Bank cut its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,033 shares of the company’s stock after selling 18,400 shares during the quarter. Swiss National Bank owned approximately 0.20% of Franklin BSP Realty Trust worth $2,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBRT. Charles Schwab Investment Management Inc. lifted its holdings in Franklin BSP Realty Trust by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 658,301 shares of the company’s stock worth $8,716,000 after purchasing an additional 25,636 shares in the last quarter. Strong Tower Advisory Services grew its stake in Franklin BSP Realty Trust by 5.2% during the fourth quarter. Strong Tower Advisory Services now owns 639,870 shares of the company’s stock valued at $8,645,000 after acquiring an additional 31,706 shares in the last quarter. Invesco Ltd. increased its holdings in Franklin BSP Realty Trust by 1.3% during the 3rd quarter. Invesco Ltd. now owns 530,010 shares of the company’s stock worth $7,017,000 after acquiring an additional 6,994 shares during the period. Van ECK Associates Corp lifted its stake in Franklin BSP Realty Trust by 1.3% in the 4th quarter. Van ECK Associates Corp now owns 490,114 shares of the company’s stock worth $6,621,000 after purchasing an additional 6,312 shares in the last quarter. Finally, Mariner LLC grew its position in shares of Franklin BSP Realty Trust by 0.4% during the 3rd quarter. Mariner LLC now owns 426,401 shares of the company’s stock valued at $5,646,000 after purchasing an additional 1,501 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Performance

NYSE:FBRT opened at $12.64 on Friday. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.99 and a 1-year high of $14.70. The company has a debt-to-equity ratio of 3.21, a current ratio of 88.39 and a quick ratio of 88.39. The business has a 50 day moving average of $12.86 and a 200 day moving average of $13.10. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 9.58 and a beta of 1.43.

Franklin BSP Realty Trust (NYSE:FBRT) last released its earnings results on Tuesday, April 30th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $53.95 million for the quarter, compared to the consensus estimate of $54.64 million. Franklin BSP Realty Trust had a net margin of 53.82% and a return on equity of 14.32%. During the same period in the prior year, the business posted $0.44 EPS. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.23%. The ex-dividend date was Wednesday, March 27th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 107.58%.

Analyst Ratings Changes

FBRT has been the topic of a number of recent analyst reports. BTIG Research lowered 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. Raymond James upgraded shares of Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research report on Friday, April 12th. Finally, Jonestrading cut 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.

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).