GraniteShares Advisors LLC Invests $2.48 Million in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

GraniteShares Advisors LLC acquired a new position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 197,388 shares of the company’s stock, valued at approximately $2,475,000. Franklin BSP Realty Trust accounts for approximately 1.6% of GraniteShares Advisors LLC’s holdings, making the stock its 18th biggest holding. GraniteShares Advisors LLC owned about 0.24% of Franklin BSP Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Franklin BSP Realty Trust by 42.9% in the third quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after buying an additional 787 shares during the period. Costello Asset Management INC bought a new position in shares of Franklin BSP Realty Trust in the fourth quarter worth about $58,000. KBC Group NV grew its position in shares of Franklin BSP Realty Trust by 51.6% during 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 in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Franklin BSP Realty Trust during the third quarter worth about $168,000. Finally, Longboard Asset Management LP purchased a new stake in shares of Franklin BSP Realty Trust during the fourth quarter worth about $174,000. Institutional investors own 59.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Janney Montgomery Scott assumed coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price for the company. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $15.63.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT opened at $13.25 on Wednesday. The stock has a market capitalization of $1.08 billion, a PE ratio of 15.96 and a beta of 1.39. The business has a 50 day simple moving average of $12.71 and a two-hundred day simple moving average of $12.93. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.96 and a 1-year high of $14.11.

Franklin BSP Realty Trust (NYSE:FBRT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $55.95 million during the quarter, compared to analysts’ expectations of $49.28 million. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. On average, research analysts predict that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The company 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 10.72%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is presently 171.08%.

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).