Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Sold by Ignite Planners LLC

Ignite Planners LLC reduced its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 12.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,135 shares of the company’s stock after selling 2,064 shares during the period. Ignite Planners LLC’s holdings in Franklin BSP Realty Trust were worth $192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in shares of Franklin BSP Realty Trust by 42.9% during the third quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after buying an additional 787 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Franklin BSP Realty Trust during the second quarter worth $41,000. KBC Group NV lifted its stake in shares of Franklin BSP Realty Trust by 51.6% during the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after buying an additional 1,588 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Franklin BSP Realty Trust during the third quarter worth $168,000. Finally, Concorde Asset Management LLC acquired a new stake in shares of Franklin BSP Realty Trust during the second quarter worth $187,000. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Trading Up 2.1 %

NYSE FBRT opened at $12.38 on Wednesday. The company has a market capitalization of $1.01 billion, a PE ratio of 15.10 and a beta of 1.39. The company has a fifty day moving average of $12.82 and a 200 day moving average of $12.98. Franklin BSP Realty Trust, Inc. has a 1 year low of $11.96 and a 1 year high of $14.11. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.47%. Franklin BSP Realty Trust’s payout ratio is 173.17%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Raymond James lifted their price objective 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. Janney Montgomery Scott started coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price for the company. Finally, B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $15.50.

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).