Charles Schwab Investment Management Inc. Boosts Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Charles Schwab Investment Management Inc. grew its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 13.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,026,290 shares of the company’s stock after buying an additional 117,745 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Franklin BSP Realty Trust were worth $13,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FBRT. 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 grew 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 purchasing an additional 1,588 shares during the last quarter. Your Advocates Ltd. LLP purchased a new position in shares of Franklin BSP Realty Trust during the 2nd quarter worth approximately $76,000. Intech Investment Management LLC acquired a new position in shares of Franklin BSP Realty Trust during the 3rd quarter worth approximately $168,000. Finally, Concorde Asset Management LLC purchased a new position in Franklin BSP Realty Trust during the second quarter worth $187,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Analysts Set New Price Targets

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

Franklin BSP Realty Trust Price Performance

Shares of NYSE:FBRT opened at $12.98 on Monday. The business has a fifty day simple moving average of $12.96 and a 200-day simple moving average of $12.99. 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 market cap of $1.06 billion, a P/E ratio of 15.83 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 10.94%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 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).