Balyasny Asset Management L.P. Boosts Stock Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Balyasny Asset Management L.P. raised its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 84.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 362,451 shares of the company’s stock after buying an additional 165,981 shares during the quarter. Balyasny Asset Management L.P. owned about 0.44% of Franklin BSP Realty Trust worth $4,545,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in Franklin BSP Realty Trust in the fourth quarter valued at approximately $189,000. Northern Trust Corp raised its stake in Franklin BSP Realty Trust by 17.5% in the fourth quarter. Northern Trust Corp now owns 958,564 shares of the company’s stock valued at $12,020,000 after buying an additional 142,437 shares during the last quarter. Gratia Capital LLC boosted its holdings in Franklin BSP Realty Trust by 110.0% in the fourth quarter. Gratia Capital LLC now owns 622,622 shares of the company’s stock worth $7,808,000 after acquiring an additional 326,122 shares in the last quarter. Quarry LP purchased a new stake in shares of Franklin BSP Realty Trust during the fourth quarter worth about $32,000. Finally, Shorepoint Capital Partners LLC increased its holdings in shares of Franklin BSP Realty Trust by 2.8% during the fourth quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company’s stock valued at $645,000 after acquiring an additional 1,400 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FBRT has been the subject of several research reports. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday, April 29th. Finally, Jones Trading reduced their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $15.30.

Franklin BSP Realty Trust Trading Up 0.4 %

Franklin BSP Realty Trust stock opened at $11.28 on Friday. The firm has a market cap of $927.39 million, a PE ratio of 13.59 and a beta of 1.07. Franklin BSP Realty Trust, Inc. has a 12 month low of $10.50 and a 12 month high of $14.12. The stock’s 50 day simple moving average is $12.10 and its two-hundred day simple moving average is $12.61. The company has a current ratio of 84.89, a quick ratio of 90.45 and a debt-to-equity ratio of 3.42.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. The firm had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. Analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 12.59%. The ex-dividend date of this dividend was Monday, March 31st. Franklin BSP Realty Trust’s payout ratio is presently 208.82%.

Franklin BSP Realty Trust Company 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).