Commonwealth Equity Services LLC Buys 3,886 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Commonwealth Equity Services LLC boosted its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 13.6% during the second quarter, Holdings Channel.com reports. The firm owned 32,561 shares of the company’s stock after purchasing an additional 3,886 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Franklin BSP Realty Trust were worth $410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FBRT. Vanguard Group Inc. boosted its position in shares of Franklin BSP Realty Trust by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,973,474 shares of the company’s stock worth $119,886,000 after purchasing an additional 48,171 shares in the last quarter. Strong Tower Advisory Services increased its position in shares of Franklin BSP Realty Trust by 18.7% in the 2nd quarter. Strong Tower Advisory Services now owns 819,612 shares of the company’s stock valued at $10,327,000 after acquiring an additional 129,410 shares during the period. Bank of New York Mellon Corp raised its stake in Franklin BSP Realty Trust by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 702,184 shares of the company’s stock worth $8,848,000 after acquiring an additional 39,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 worth $9,056,000 after acquiring an additional 11,998 shares during the period. Finally, Orchard Capital Management LLC boosted its position 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. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FBRT has been the subject of a number of recent research reports. JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Thursday, June 27th. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of Franklin BSP Realty Trust in a report on Friday, July 19th. Finally, Raymond James upped their price target on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a report on Thursday.

Franklin BSP Realty Trust Stock Down 0.7 %

FBRT opened at $13.55 on Monday. The company has a fifty day moving average of $13.19 and a two-hundred day moving average of $12.94. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.27 and a beta of 1.42. 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 debt-to-equity ratio of 3.54, a quick ratio of 89.36 and a current ratio of 89.36.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 10.48%. 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).