Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Stake Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 702,184 shares of the company’s stock after buying an additional 39,000 shares during the period. Bank of New York Mellon Corp owned approximately 0.86% of Franklin BSP Realty Trust worth $8,848,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Franklin BSP Realty Trust by 15.4% in the 4th quarter. Victory Capital Management Inc. now owns 16,828 shares of the company’s stock worth $227,000 after acquiring an additional 2,250 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Franklin BSP Realty Trust by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 670,299 shares of the company’s stock valued at $9,056,000 after purchasing an additional 11,998 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Franklin BSP Realty Trust by 41.5% during the 4th quarter. Teacher Retirement System of Texas now owns 73,530 shares of the company’s stock valued at $993,000 after acquiring an additional 21,557 shares during the last quarter. Quest Partners LLC bought a new position in shares of Franklin BSP Realty Trust in the fourth quarter valued at approximately $644,000. Finally, SageView Advisory Group LLC lifted its position in Franklin BSP Realty Trust by 79.8% during the 4th quarter. SageView Advisory Group LLC now owns 20,768 shares of the company’s stock worth $275,000 after acquiring an additional 9,218 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. BTIG Research restated a “buy” rating and set a $16.00 price objective 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 research note on Thursday, June 27th.

Franklin BSP Realty Trust Stock Up 0.2 %

NYSE FBRT opened at $12.95 on Wednesday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 89.36 and a current ratio of 89.36. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.99 and a 52 week high of $14.66. The stock has a market capitalization of $1.06 billion, a P/E ratio of 9.81 and a beta of 1.42. The stock has a fifty day moving average of $13.08 and a 200-day moving average of $12.91.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were given a $0.355 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.97%. Franklin BSP Realty Trust’s dividend payout ratio is 107.58%.

Franklin BSP Realty Trust 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).