Tyche Wealth Partners LLC Makes New $162,000 Investment in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Tyche Wealth Partners LLC bought a new position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,968 shares of the company’s stock, valued at approximately $162,000.

A number of other hedge funds have also bought and sold shares of FBRT. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Franklin BSP Realty Trust during the 1st quarter valued at about $680,000. Bank of New York Mellon Corp increased its position in shares of Franklin BSP Realty Trust by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 374,100 shares of the company’s stock valued at $5,231,000 after purchasing an additional 10,905 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Franklin BSP Realty Trust by 70.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company’s stock valued at $39,000 after purchasing an additional 1,186 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Franklin BSP Realty Trust during the 1st quarter valued at about $851,000. Finally, MetLife Investment Management LLC increased its position in shares of Franklin BSP Realty Trust by 49.8% during the 1st quarter. MetLife Investment Management LLC now owns 21,555 shares of the company’s stock valued at $301,000 after purchasing an additional 7,167 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Up 1.3 %

FBRT stock opened at $12.37 on Friday. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.73 and a 1-year high of $14.70. The company has a debt-to-equity ratio of 3.15, a current ratio of 83.74 and a quick ratio of 83.74. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.77 and a beta of 1.43. The business has a 50 day simple moving average of $12.83 and a two-hundred day simple moving average of $13.08.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a $0.355 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.42 annualized dividend and a yield of 11.48%. Franklin BSP Realty Trust’s payout ratio is 100.71%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JMP Securities raised shares of Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research report on Wednesday, January 10th. BTIG Research 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 note on Wednesday. Raymond James upgraded Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research note on Friday, April 12th. Finally, Jonestrading cut their price objective on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 16th.

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).