Capital Investment Advisory Services LLC Sells 18,548 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Capital Investment Advisory Services LLC lowered its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 58.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,994 shares of the company’s stock after selling 18,548 shares during the period. Capital Investment Advisory Services LLC’s holdings in Franklin BSP Realty Trust were worth $176,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in Franklin BSP Realty Trust by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 658,301 shares of the company’s stock worth $8,716,000 after purchasing an additional 25,636 shares in the last quarter. Strong Tower Advisory Services increased its holdings in Franklin BSP Realty Trust by 5.2% in the 4th quarter. Strong Tower Advisory Services now owns 639,870 shares of the company’s stock worth $8,645,000 after purchasing an additional 31,706 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Franklin BSP Realty Trust by 1.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 551,784 shares of the company’s stock worth $7,306,000 after purchasing an additional 10,397 shares in the last quarter. Invesco Ltd. increased its holdings in Franklin BSP Realty Trust by 1.3% in the 3rd quarter. Invesco Ltd. now owns 530,010 shares of the company’s stock worth $7,017,000 after purchasing an additional 6,994 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Franklin BSP Realty Trust by 6.5% in the 3rd quarter. Van ECK Associates Corp now owns 483,802 shares of the company’s stock worth $6,406,000 after purchasing an additional 29,349 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Analyst Upgrades and Downgrades

FBRT has been the subject of several recent research reports. Raymond James raised Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research note on Friday, April 12th. JMP Securities raised Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Wednesday, January 10th. BTIG Research decreased their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Jonestrading decreased their price target on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 16th.

Franklin BSP Realty Trust Stock Down 1.2 %

Shares of Franklin BSP Realty Trust stock opened at $12.60 on Thursday. Franklin BSP Realty Trust, Inc. has a one year low of $11.73 and a one year high of $14.70. The company has a debt-to-equity ratio of 3.15, a current ratio of 83.74 and a quick ratio of 83.74. The stock’s 50-day moving average is $12.85 and its 200 day moving average is $13.07. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 8.94 and a beta of 1.43.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were given a dividend of $0.355 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.42 annualized dividend and a dividend yield of 11.27%. Franklin BSP Realty Trust’s payout ratio is 100.71%.

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).