Strong Tower Advisory Services Has $14.51 Million Stock Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Strong Tower Advisory Services lifted its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,157,111 shares of the company’s stock after purchasing an additional 101,951 shares during the quarter. Franklin BSP Realty Trust comprises about 3.8% of Strong Tower Advisory Services’ investment portfolio, making the stock its 5th largest holding. Strong Tower Advisory Services’ holdings in Franklin BSP Realty Trust were worth $14,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in shares of Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after buying an additional 787 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Franklin BSP Realty Trust by 0.9% during the second quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock valued at $1,674,000 after acquiring an additional 1,236 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Franklin BSP Realty Trust by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 19,639 shares of the company’s stock worth $256,000 after purchasing an additional 1,381 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Franklin BSP Realty Trust by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock worth $515,000 after purchasing an additional 1,518 shares in the last quarter. Finally, KBC Group NV lifted its position in Franklin BSP Realty Trust by 51.6% in the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after purchasing an additional 1,588 shares during the period. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

Shares of NYSE:FBRT opened at $12.65 on Monday. The company has a market capitalization of $1.04 billion, a PE ratio of 15.43 and a beta of 1.39. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. The stock has a fifty day moving average of $12.78 and a 200-day moving average of $12.98. Franklin BSP Realty Trust, Inc. has a one year low of $11.96 and a one year high of $14.11.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 11.22%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is 173.17%.

Analysts Set New Price Targets

FBRT has been the topic of several research analyst reports. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price on the stock. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average 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).