SageView Advisory Group LLC Makes New $153,000 Investment in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

SageView Advisory Group LLC acquired a new stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRTFree Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,550 shares of the company’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FBRT. The Manufacturers Life Insurance Company increased its stake in shares of Franklin BSP Realty Trust by 2.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 32,944 shares of the company’s stock valued at $425,000 after buying an additional 716 shares during the period. California State Teachers Retirement System increased its stake in Franklin BSP Realty Trust by 1.7% in the 1st quarter. California State Teachers Retirement System now owns 47,338 shares of the company’s stock worth $662,000 after purchasing an additional 787 shares during the period. CWM LLC grew its stake in Franklin BSP Realty Trust by 97.7% in the second quarter. CWM LLC now owns 1,839 shares of the company’s stock worth $26,000 after purchasing an additional 909 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Franklin BSP Realty Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 176,593 shares of the company’s stock worth $2,107,000 after acquiring an additional 937 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Franklin BSP Realty Trust by 7.9% in the second quarter. ProShare Advisors LLC now owns 12,967 shares of the company’s stock valued at $184,000 after acquiring an additional 951 shares during the period. 59.70% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Stock Up 0.8 %

Shares of NYSE:FBRT traded up $0.11 on Friday, reaching $13.37. The company had a trading volume of 125,402 shares, compared to its average volume of 283,112. Franklin BSP Realty Trust, Inc. has a 52-week low of $11.08 and a 52-week high of $14.92. The firm’s 50 day simple moving average is $13.54 and its 200-day simple moving average is $13.53. The company has a current ratio of 83.78, a quick ratio of 83.78 and a debt-to-equity ratio of 3.06. The firm has a market capitalization of $1.10 billion, a PE ratio of 9.61 and a beta of 1.45.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.42 annualized dividend and a yield of 10.62%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 102.90%.

Analyst Upgrades and Downgrades

Separately, JMP Securities raised Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research note on Wednesday, January 10th.

Get Our Latest Report on FBRT

Franklin BSP Realty Trust Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Franklin BSP Realty Trust (NYSE:FBRT)

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