Magnus Financial Group LLC Acquires 6,208 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Magnus Financial Group LLC grew its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 26.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,575 shares of the company’s stock after purchasing an additional 6,208 shares during the quarter. Magnus Financial Group LLC’s holdings in Franklin BSP Realty Trust were worth $373,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC boosted its stake in shares of Franklin BSP Realty Trust by 181.4% in 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 during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Franklin BSP Realty Trust during the first quarter valued at about $6,012,000. Gabelli Funds LLC boosted its position in shares of Franklin BSP Realty Trust by 54.6% during the 1st quarter. Gabelli Funds LLC now owns 130,000 shares of the company’s stock worth $1,737,000 after purchasing an additional 45,901 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Franklin BSP Realty Trust by 0.5% in the 1st 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 raised its stake in Franklin BSP Realty Trust by 115.5% during the 1st quarter. Cetera Investment Advisers now owns 131,616 shares of the company’s stock worth $1,758,000 after buying an additional 70,549 shares during the period. 59.87% of the stock is owned by institutional investors.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $13.33 on Wednesday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 10.09 and a beta of 1.44. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.99 and a 52 week high of $14.66. The stock has a 50 day moving average price of $13.03 and a two-hundred day moving average price of $12.90. The company has a debt-to-equity ratio of 3.54, a quick ratio of 89.36 and a current ratio of 89.36.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.66%. The ex-dividend date was Friday, June 28th. Franklin BSP Realty Trust’s payout ratio is 107.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BTIG Research reissued a “buy” rating and issued a $16.00 price objective on shares of Franklin BSP Realty Trust in a research note on Friday, July 19th. JMP Securities reissued a “market outperform” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Thursday, June 27th.

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).