Nisa Investment Advisors LLC Sells 4,717 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Nisa Investment Advisors LLC reduced its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,215 shares of the company’s stock after selling 4,717 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Franklin BSP Realty Trust were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FBRT. Cetera Advisors LLC boosted its holdings in Franklin BSP Realty Trust by 181.4% in the 1st quarter. Cetera Advisors LLC now owns 92,432 shares of the company’s stock worth $1,235,000 after buying an additional 59,586 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Franklin BSP Realty Trust during the first quarter worth about $6,012,000. Gabelli Funds LLC grew its position in shares of Franklin BSP Realty Trust by 54.6% during the first quarter. Gabelli Funds LLC now owns 130,000 shares of the company’s stock worth $1,737,000 after purchasing an additional 45,901 shares in the last quarter. Vanguard Group Inc. raised its stake in Franklin BSP Realty Trust by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,973,474 shares of the company’s stock valued at $119,886,000 after purchasing an additional 48,171 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Franklin BSP Realty Trust by 115.5% in the 1st quarter. Cetera Investment Advisers now owns 131,616 shares of the company’s stock worth $1,758,000 after purchasing an additional 70,549 shares in the last quarter. 59.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FBRT. Raymond James increased their price objective 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, September 19th. BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of Franklin BSP Realty Trust in a report on Friday, July 19th.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT opened at $13.22 on Thursday. The company has a debt-to-equity ratio of 3.54, a current ratio of 89.36 and a quick ratio of 89.36. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.99 and a 1-year high of $14.66. The business has a 50 day simple moving average of $13.11 and a two-hundred day simple moving average of $12.97. The stock has a market capitalization of $1.08 billion, a PE ratio of 16.12 and a beta of 1.41.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 173.17%.

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).