Strong Tower Advisory Services Buys 101,951 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Strong Tower Advisory Services grew its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,111 shares of the company’s stock after acquiring an additional 101,951 shares during the period. Franklin BSP Realty Trust comprises approximately 3.8% of Strong Tower Advisory Services’ holdings, making the stock its 5th biggest position. Strong Tower Advisory Services owned 1.41% of Franklin BSP Realty Trust worth $14,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its stake in Franklin BSP Realty Trust by 42.9% in the third quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after purchasing an additional 787 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Franklin BSP Realty Trust by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock worth $1,674,000 after buying an additional 1,236 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Franklin BSP Realty Trust by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 19,639 shares of the company’s stock worth $256,000 after acquiring an additional 1,381 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Franklin BSP Realty Trust by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock valued at $515,000 after acquiring an additional 1,518 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Franklin BSP Realty Trust by 51.6% during the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after acquiring an additional 1,588 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT opened at $12.65 on Monday. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45. The firm has a market capitalization of $1.04 billion, a PE ratio of 15.43 and a beta of 1.39. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.96 and a 1-year high of $14.11. The business’s fifty day moving average price is $12.78 and its two-hundred day moving average price is $12.98.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.22%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 173.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued a “buy” rating and a $16.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $15.50.

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).