Jane Street Group LLC Has $599,000 Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Jane Street Group LLC decreased its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 41.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,873 shares of the company’s stock after selling 32,988 shares during the period. Jane Street Group LLC’s holdings in Franklin BSP Realty Trust were worth $599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in shares of Franklin BSP Realty Trust by 42.9% in the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after purchasing an additional 787 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at about $41,000. KBC Group NV increased its position in shares of Franklin BSP Realty Trust by 51.6% in the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after acquiring an additional 1,588 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Franklin BSP Realty Trust in the third quarter valued at about $168,000. Finally, Concorde Asset Management LLC acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at about $187,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FBRT shares. Janney Montgomery Scott started coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They issued a “buy” rating and a $16.00 target price on the stock. Raymond James lifted their target price on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research report on Thursday, September 19th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Franklin BSP Realty Trust has a consensus rating of “Buy” and an average target price of $15.50.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT opened at $12.71 on Friday. The business’s 50 day moving average price is $12.93 and its two-hundred day moving average price is $13.00. The company has a market cap of $1.04 billion, a PE ratio of 15.50 and a beta of 1.40. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.99 and a twelve month high of $14.11.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 173.17%.

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).