Cambridge Investment Research Advisors took an equity position in Franklin BSP Realty Trust (NYSE: FBRT – Valuation Obtained) in the fourth quarter, according to the company’s latest filing with the Securities and Exchange Commission. The company announced a 16.4% reduction. . The company held 56,550 shares after selling 11,093 shares during the quarter. Cambridge Investment Research Advisors owned 0.07% of Franklin BSP Realty Trust worth $729,000 at the time of the latest SEC filing.
Other big investors have also changed positions within the company. Karen Frost Bankers purchased new shares of Franklin BSP Realty Trust during the third quarter for a value of approximately $29,000. PNC Financial Services Group Inc. increased its stake in Franklin BSP Realty Trust by 70.0% in the first quarter. PNC Financial Services Group Inc. acquired an additional 1,186 shares during the period and now owns 2,881 shares of the company stock valued at $39,000. Quantbot Technologies LP purchased a new position in Franklin BSP Realty Trust shares in the first quarter for approximately $40,000. Captrust Financial Advisors purchased a new position in Franklin BSP Realty Trust shares in the second quarter for approximately $68,000. Finally, Cantonal Bank of Zurich purchased a new position in Franklin BSP Realty Trust shares during the second quarter for approximately $74,000. Institutional investors currently hold 57.41% of the shares.
Insider Trading at Franklin BSP Realty Trust
In other news, director Buford H. Ortaire acquired 2,000 shares of the company in a transaction on Friday, May 12. Shares were acquired at an average price of $18.40 per share, giving him a total of $36,800.00. Post-acquisition, the directors now directly own 7,900 shares of the company stock valued at $145,360. The deal was disclosed in his SEC filed documents, which are available at this link. Insiders own 0.33% of the company’s stock.
Wall Street analysts forecast growth
A number of research analysts recently released reports on the company. Raymond James undertook an interview with Franklin BSP Realty Trust on Tuesday, April 4th for a research note. They rated the company “outperform” and set a price target of $13.50. Jones Trading lowered its price target on Franklin BSP Realty Trust from $16.50 to $16.00 in a research note on Thursday, April 6, setting the company’s valuation at Buy. Finally, BTIG Research undertook coverage of the Franklin BSP Realty Trust in a research note on Tuesday, April 25th. The company is rated Buy with a price target of $13.50. One investment analyst gave the stock a “hold” rating, while four gave it a “buy” rating. Based on MarketBeat.com data, the company has a consensus rating of “moderate buy” and an average price target of $14.75 for him.
Franklin BSP Realty Trust Trading climbs 1.8%
FBRT shares opened at $13.65 on Tuesday. The company has a market capitalization of $1.12 billion, a price/earnings multiple of 22.75, and a beta of 1.50. Franklin BSP Realty Trust hit a one-year low of $10.34 and a one-year high of $16.20. His 50-day simple moving average for this company is $12.36 and his 200-day simple moving average is $13.37. The company has a debt to equity ratio of 3.06, a current ratio of 82.53 and a quick ratio of 82.53.
Announcement of Franklin BSP Realty Trust Dividend
The company also recently announced its quarterly dividend, which was paid on Monday, April 10. A dividend of $0.355 per share was issued to shareholders of record on Friday, March 31. The ex-dividend date was Thursday, March 30. This equates to an annual dividend of $1.42 and a dividend yield of 10.40%. Franklin BSP Realty Trust has a Dividend Payout Ratio (DPR) of 236.67%.
Franklin BSP Realty Trust Company Profile
Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP invests in a leveraged portfolio of mortgage pass-through securities consisting exclusively of variable rate mortgage (ARM) securities issued and guaranteed by either the Federal Home Loan Association (Fannie Mae) or federal mortgage lenders. Earning income from investments. By the Mortgage Company (Freddie Mac) (together Government Sponsored Enterprises (GSE)) or the Government National Home Loan Association (Ginnie Mae), a federal agency.
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