Longboard Asset Management LP Acquires Shares of 13,860 Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Longboard Asset Management LP acquired a new stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,860 shares of the company’s stock, valued at approximately $174,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of Franklin BSP Realty Trust by 42.9% in the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after buying an additional 787 shares during the period. Costello Asset Management INC acquired a new stake in shares of Franklin BSP Realty Trust in the 4th quarter valued at approximately $58,000. KBC Group NV lifted its holdings in shares of Franklin BSP Realty Trust by 51.6% in the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $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 in the 3rd quarter valued at approximately $168,000. Finally, Hodges Capital Management Inc. acquired a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter valued at approximately $189,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on FBRT shares. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Janney Montgomery Scott started coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued a “buy” rating and a $16.00 price target for the company. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT stock opened at $12.84 on Wednesday. The stock has a fifty day moving average price of $12.71 and a 200 day moving average price of $12.95. The stock has a market cap of $1.05 billion, a PE ratio of 15.65 and a beta of 1.39. 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 quick ratio of 90.45 and a current 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. Investors of record on Tuesday, December 31st were issued a dividend of $0.355 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 annualized dividend and a yield of 11.06%. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

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).