Savvy Advisors Inc. Has $441,000 Stock Holdings in Franklin BSP Realty Trust, Inc. $FBRT

Savvy Advisors Inc. raised its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 39.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 41,207 shares of the company’s stock after acquiring an additional 11,599 shares during the period. Savvy Advisors Inc. owned about 0.05% of Franklin BSP Realty Trust worth $441,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FBRT. Nuveen LLC bought a new stake in Franklin BSP Realty Trust in the 1st quarter valued at approximately $2,542,000. Bank of New York Mellon Corp lifted its stake in Franklin BSP Realty Trust by 24.2% in the 1st quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company’s stock valued at $9,103,000 after acquiring an additional 139,417 shares in the last quarter. Gabelli Funds LLC lifted its stake in Franklin BSP Realty Trust by 51.6% in the 1st quarter. Gabelli Funds LLC now owns 280,351 shares of the company’s stock valued at $3,572,000 after acquiring an additional 95,450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Franklin BSP Realty Trust by 11.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,249 shares of the company’s stock valued at $11,342,000 after acquiring an additional 88,378 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Franklin BSP Realty Trust by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,244,760 shares of the company’s stock valued at $15,858,000 after acquiring an additional 81,783 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Down 0.9%

Shares of Franklin BSP Realty Trust stock opened at $10.15 on Friday. Franklin BSP Realty Trust, Inc. has a 12-month low of $9.79 and a 12-month high of $13.58. The stock has a market cap of $834.68 million, a P/E ratio of 12.68 and a beta of 1.03. The company has a quick ratio of 81.24, a current ratio of 81.24 and a debt-to-equity ratio of 3.21. The business’s 50 day moving average is $11.07 and its 200-day moving average is $11.02.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.355 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.0%. Franklin BSP Realty Trust’s dividend payout ratio is currently 177.50%.

Wall Street Analysts Forecast Growth

FBRT has been the topic of several research reports. Jones Trading cut their target price on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Franklin BSP Realty Trust presently has an average rating of “Buy” and a consensus price target of $14.67.

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).