Mutual Advisors LLC cut its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Free Report) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,254 shares of the company’s stock after selling 1,521 shares during the period. Mutual Advisors LLC’s holdings in Franklin BSP Realty Trust were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Naviter Wealth LLC bought a new position in shares of Franklin BSP Realty Trust in the 2nd quarter valued at about $132,000. CWM LLC lifted its stake in shares of Franklin BSP Realty Trust by 126.7% during the 2nd quarter. CWM LLC now owns 2,428 shares of the company’s stock worth $26,000 after buying an additional 1,357 shares during the last quarter. Strong Tower Advisory Services lifted its stake in shares of Franklin BSP Realty Trust by 4.7% during the 2nd quarter. Strong Tower Advisory Services now owns 1,408,626 shares of the company’s stock worth $15,058,000 after buying an additional 63,138 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter worth about $218,000. Finally, PFG Investments LLC acquired a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter worth about $150,000. 59.87% of the stock is currently owned by institutional investors.
Franklin BSP Realty Trust Stock Performance
FBRT opened at $10.84 on Thursday. Franklin BSP Realty Trust, Inc. has a 1-year low of $9.79 and a 1-year high of $13.58. The company has a current ratio of 81.24, a quick ratio of 81.24 and a debt-to-equity ratio of 3.21. The company has a market cap of $891.45 million, a price-to-earnings ratio of 11.06 and a beta of 1.03. The company’s fifty day moving average price is $11.14 and its two-hundred day moving average price is $11.05.
Franklin BSP Realty Trust Announces Dividend
Analyst Ratings Changes
FBRT has been the subject of several analyst reports. Jones Trading dropped their target price on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Franklin BSP Realty Trust presently has an average rating of “Buy” and an average price target of $14.67.
Get Our Latest Stock Report on Franklin BSP Realty Trust
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).
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