Centaurus Financial Inc. Has $500,000 Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Centaurus Financial Inc. reduced its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 8.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 38,291 shares of the company’s stock after selling 3,543 shares during the period. Centaurus Financial Inc.’s holdings in Franklin BSP Realty Trust were worth $500,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in Franklin BSP Realty Trust by 0.9% during the second quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock worth $1,674,000 after purchasing an additional 1,236 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Franklin BSP Realty Trust by 7.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 20,867 shares of the company’s stock worth $263,000 after buying an additional 1,509 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Franklin BSP Realty Trust by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock worth $515,000 after buying an additional 1,518 shares during the last quarter. KBC Group NV grew its holdings 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 acquiring an additional 1,588 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new stake in shares of Franklin BSP Realty Trust during the second quarter valued at approximately $41,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Price Performance

Franklin BSP Realty Trust stock opened at $13.10 on Wednesday. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. The company has a market capitalization of $1.07 billion, a P/E ratio of 15.98 and a beta of 1.41. The firm has a 50 day moving average price of $13.04 and a 200-day moving average price of $12.99. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.99 and a twelve month high of $14.66.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 10.84%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 173.17%.

Analyst Ratings Changes

Separately, Raymond James upped their price objective on 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 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).