Retirement Financial Solutions LLC Sells 1,812 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Retirement Financial Solutions LLC decreased its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,607 shares of the company’s stock after selling 1,812 shares during the period. Retirement Financial Solutions LLC’s holdings in Franklin BSP Realty Trust were worth $221,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. FMR LLC boosted its position 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 valued at $34,000 after buying an additional 787 shares during the last quarter. Costello Asset Management INC bought a new position in Franklin BSP Realty Trust during the 4th quarter valued at about $58,000. KBC Group NV lifted its stake in Franklin BSP Realty Trust by 51.6% during the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after acquiring an additional 1,588 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 3rd quarter valued at about $168,000. Finally, Longboard Asset Management LP bought a new stake in shares of Franklin BSP Realty Trust in the fourth quarter worth approximately $174,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Performance

FBRT opened at $13.21 on Tuesday. The company’s 50 day moving average is $12.70 and its 200 day moving average is $12.90. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 16.10 and a beta of 1.39. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.96 and a 12-month high of $14.11.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Franklin BSP Realty Trust had a net margin of 45.58% and a return on equity of 8.92%. The business had revenue of $55.95 million for the quarter, compared to analysts’ expectations of $49.28 million. On average, equities research analysts predict that Franklin BSP Realty Trust, Inc. will post 1.29 EPS for the current year.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 10.75%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is presently 171.08%.

Analyst Ratings Changes

FBRT has been the topic of a number of research analyst reports. 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 price objective on the stock. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $15.63.

About Franklin BSP Realty Trust

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).