Newbridge Financial Services Group Inc. Has $516,000 Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Newbridge Financial Services Group Inc. cut its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 11.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,139 shares of the company’s stock after selling 5,126 shares during the period. Newbridge Financial Services Group Inc. owned about 0.05% of Franklin BSP Realty Trust worth $516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBRT. FMR LLC grew its holdings in shares of Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after acquiring an additional 787 shares in the last quarter. Costello Asset Management INC purchased a new position in Franklin BSP Realty Trust in the fourth quarter valued at about $58,000. KBC Group NV increased its holdings in Franklin BSP Realty Trust by 51.6% in the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after buying an additional 1,588 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Franklin BSP Realty Trust in the third quarter valued at approximately $168,000. Finally, Longboard Asset Management LP bought a new stake in Franklin BSP Realty Trust in the fourth quarter worth approximately $174,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FBRT has been the topic of several recent research reports. Janney Montgomery Scott initiated coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price on the stock. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $15.50.

Franklin BSP Realty Trust Trading Down 1.2 %

Franklin BSP Realty Trust stock opened at $12.82 on Friday. The business’s 50-day simple moving average is $12.69 and its 200-day simple moving average is $12.94. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.96 and a 52 week high of $14.11. The firm has a market capitalization of $1.05 billion, a PE ratio of 15.63 and a beta of 1.39. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.08%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 173.17%.

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).