PharVision Advisers LLC Purchases Shares of 10,800 Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

PharVision Advisers LLC acquired a new position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,800 shares of the company’s stock, valued at approximately $135,000.

Several other institutional investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC grew its stake in shares of Franklin BSP Realty Trust by 6.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 20,877 shares of the company’s stock valued at $262,000 after purchasing an additional 1,238 shares during the period. Shorepoint Capital Partners LLC boosted its stake in Franklin BSP Realty Trust by 2.8% in the 4th quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company’s stock valued at $645,000 after buying an additional 1,400 shares in the last quarter. Mutual Advisors LLC grew its position in Franklin BSP Realty Trust by 7.7% in the fourth quarter. Mutual Advisors LLC now owns 19,728 shares of the company’s stock valued at $247,000 after acquiring an additional 1,402 shares during the period. Allworth Financial LP raised its stake in Franklin BSP Realty Trust by 3.2% during the fourth quarter. Allworth Financial LP now owns 48,183 shares of the company’s stock worth $599,000 after acquiring an additional 1,501 shares in the last quarter. Finally, Quarry LP acquired a new position in Franklin BSP Realty Trust during the fourth quarter worth $32,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Performance

Franklin BSP Realty Trust stock opened at $10.87 on Friday. The stock has a 50-day simple moving average of $11.71 and a 200 day simple moving average of $12.49. The stock has a market capitalization of $893.27 million, a price-to-earnings ratio of 13.09 and a beta of 1.07. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. Franklin BSP Realty Trust, Inc. has a 12-month low of $10.50 and a 12-month high of $14.12.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 13.07%. The ex-dividend date was Monday, March 31st. Franklin BSP Realty Trust’s dividend payout ratio is presently 208.82%.

Analyst Upgrades and Downgrades

FBRT has been the topic of several analyst reports. Jones Trading lowered their target price on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a report on Tuesday, April 29th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Franklin BSP Realty Trust currently has an average rating of “Buy” and an average price target of $15.30.

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).