Intech Investment Management LLC Has $441,000 Position in Franklin BSP Realty Trust, Inc. $FBRT

Intech Investment Management LLC lifted its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 13.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,287 shares of the company’s stock after purchasing an additional 4,962 shares during the quarter. Intech Investment Management LLC owned 0.05% of Franklin BSP Realty Trust worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FBRT. CWM LLC grew its position in shares of Franklin BSP Realty Trust by 126.7% in the 2nd quarter. CWM LLC now owns 2,428 shares of the company’s stock valued at $26,000 after buying an additional 1,357 shares during the last quarter. AlphaQuest LLC acquired a new position in Franklin BSP Realty Trust during the 1st quarter worth approximately $32,000. Tortoise Investment Management LLC bought a new position in Franklin BSP Realty Trust in the first quarter worth approximately $39,000. Central Pacific Bank Trust Division grew its stake in Franklin BSP Realty Trust by 100.0% in the second quarter. Central Pacific Bank Trust Division now owns 5,000 shares of the company’s stock valued at $53,000 after acquiring an additional 2,500 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Franklin BSP Realty Trust by 138.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,044 shares of the company’s stock valued at $64,000 after acquiring an additional 2,926 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Up 0.6%

Shares of FBRT stock opened at $10.42 on Friday. Franklin BSP Realty Trust, Inc. has a 52-week low of $9.71 and a 52-week high of $13.58. The company has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $10.83. The company has a debt-to-equity ratio of 3.21, a quick ratio of 81.24 and a current ratio of 81.24. The company has a market capitalization of $850.34 million, a price-to-earnings ratio of 13.03 and a beta of 1.00.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were given a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.42 annualized dividend and a yield of 13.6%. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. Jones Trading lowered their target price on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $14.67.

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).