MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 10.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 801,871 shares of the company’s stock after buying an additional 72,621 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Franklin BSP Realty Trust were worth $10,055,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP purchased a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth approximately $32,000. Costello Asset Management INC purchased a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth approximately $58,000. LaSalle St. Investment Advisors LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth approximately $133,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth approximately $147,000. Finally, Stifel Financial Corp purchased a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth approximately $148,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Up 0.2%

Shares of Franklin BSP Realty Trust stock opened at $11.54 on Friday. 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 $10.50 and a 1 year high of $14.12. The company has a market capitalization of $948.93 million, a P/E ratio of 13.91 and a beta of 1.07. The business has a 50 day moving average price of $11.92 and a 200 day moving average price of $12.56.

Franklin BSP Realty Trust (NYSE:FBRT) last issued 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 company had revenue of $55.95 million during the quarter, compared to the consensus estimate of $49.28 million. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. Sell-side analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a $0.355 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 12.30%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 208.82%.

Analyst Upgrades and Downgrades

FBRT has been the topic of several research analyst reports. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Jones Trading cut 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 report on Tuesday, April 29th. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $15.30.

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).