Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Rating) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 2,850,000 shares, a decline of 7.8% from the November 30th total of 3,090,000 shares. Based on an average trading volume of 362,300 shares, the short-interest ratio is presently 7.9 days. Approximately 3.4% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
Separately, B. Riley began coverage on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 28th. They set a "buy" rating and a $16.00 target price for the company.
Get Franklin BSP Realty Trust alerts:Institutional Investors Weigh In On Franklin BSP Realty Trust
A number of hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in Franklin BSP Realty Trust by 1.7% in the first quarter. California State Teachers Retirement System now owns 47,338 shares of the company's stock valued at $662,000 after purchasing an additional 787 shares during the period. Capital Investment Advisory Services LLC grew its holdings in Franklin BSP Realty Trust by 5.0% in the third quarter. Capital Investment Advisory Services LLC now owns 22,555 shares of the company's stock valued at $243,000 after purchasing an additional 1,071 shares during the period. Victory Capital Management Inc. grew its holdings in Franklin BSP Realty Trust by 3.2% in the second quarter. Victory Capital Management Inc. now owns 35,138 shares of the company's stock valued at $474,000 after purchasing an additional 1,077 shares during the period. Rhumbline Advisers grew its holdings in Franklin BSP Realty Trust by 1.0% in the first quarter. Rhumbline Advisers now owns 115,385 shares of the company's stock valued at $1,613,000 after purchasing an additional 1,159 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Franklin BSP Realty Trust by 70.0% in the first 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 period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.
Franklin BSP Realty Trust Stock Performance
Shares of NYSE FBRT opened at $12.90 on Tuesday. The company has a market cap of $1.06 billion, a PE ratio of -3.81 and a beta of 1.44. Franklin BSP Realty Trust has a 12 month low of $10.34 and a 12 month high of $16.20. The company has a debt-to-equity ratio of 3.32, a current ratio of 58.30 and a quick ratio of 58.30. The company has a 50-day simple moving average of $13.88 and a 200-day simple moving average of $13.60.Franklin BSP Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.355 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.01%. Franklin BSP Realty Trust's dividend payout ratio (DPR) is presently -41.89%.
About Franklin BSP Realty Trust
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Franklin BSP Realty Trust, Inc, a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt secured by properties located in the United States. The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment.
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