Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC increased its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 91.8% in the second quarter, Holdings Channel reports. The institutional investor owned 30,597 shares of the company’s stock after acquiring an additional 14,641 shares during the quarter. AE Wealth Management LLC’s holdings in Franklin BSP Realty Trust were worth $387,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FBRT. Charles Schwab Investment Management Inc. increased its position in shares of Franklin BSP Realty Trust by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 670,299 shares of the company’s stock worth $9,056,000 after purchasing an additional 11,998 shares during the last quarter. Gabelli Funds LLC grew its stake in Franklin BSP Realty Trust by 66.4% in the fourth quarter. Gabelli Funds LLC now owns 84,099 shares of the company’s stock worth $1,136,000 after purchasing an additional 33,567 shares in the last quarter. Sollinda Capital Management LLC bought a new stake in Franklin BSP Realty Trust in the fourth quarter valued at about $176,000. Orchard Capital Management LLC increased its holdings in Franklin BSP Realty Trust by 5.5% in the fourth quarter. Orchard Capital Management LLC now owns 582,132 shares of the company’s stock valued at $7,865,000 after buying an additional 30,321 shares during the last quarter. Finally, SageView Advisory Group LLC raised its stake in Franklin BSP Realty Trust by 79.8% during the fourth quarter. SageView Advisory Group LLC now owns 20,768 shares of the company’s stock valued at $275,000 after buying an additional 9,218 shares in the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FBRT. JMP Securities reiterated 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. Raymond James boosted their target price on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Finally, BTIG Research reaffirmed a “buy” rating and set a $16.00 price objective on shares of Franklin BSP Realty Trust in a research report on Friday, July 19th.

Franklin BSP Realty Trust Stock Up 1.1 %

FBRT stock opened at $13.32 on Friday. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $11.99 and a fifty-two week high of $14.66. The company has a quick ratio of 89.36, a current ratio of 89.36 and a debt-to-equity ratio of 3.54. The stock has a market cap of $1.09 billion, a PE ratio of 10.09 and a beta of 1.42. The firm’s 50-day simple moving average is $13.19 and its 200 day simple moving average is $12.96.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 10.66%. The ex-dividend date is Monday, September 30th. Franklin BSP Realty Trust’s payout ratio is currently 107.58%.

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).