KBC Group NV Purchases 1,588 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

KBC Group NV raised its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 51.6% in the 3rd quarter, Holdings Channel reports. The firm owned 4,664 shares of the company’s stock after buying an additional 1,588 shares during the period. KBC Group NV’s holdings in Franklin BSP Realty Trust were worth $61,000 at the end of the most recent quarter.

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

Franklin BSP Realty Trust Trading Up 1.2 %

NYSE FBRT opened at $13.01 on Friday. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.99 and a 52 week high of $14.66. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. The stock’s 50 day moving average price is $13.05 and its two-hundred day moving average price is $12.99. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.87 and a beta of 1.41.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

Analysts Set New Price Targets

Separately, Raymond James upped their target price on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th.

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).