AE Wealth Management LLC decreased its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Rating) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,176 shares of the company's stock after selling 36,741 shares during the period. AE Wealth Management LLC's holdings in Franklin BSP Realty Trust were worth $2,641,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in FBRT. ACG Wealth bought a new position in shares of Franklin BSP Realty Trust in the 2nd quarter valued at about $29,000. CoreCap Advisors LLC purchased a new stake in Franklin BSP Realty Trust in the 2nd quarter worth about $30,000. PNC Financial Services Group Inc. raised its position in Franklin BSP Realty Trust by 70.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company's stock worth $39,000 after purchasing an additional 1,186 shares during the period. Quantbot Technologies LP purchased a new stake in Franklin BSP Realty Trust in the 1st quarter worth about $40,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Franklin BSP Realty Trust in the 2nd quarter worth about $41,000. Institutional investors own 57.41% of the company's stock.
Get Franklin BSP Realty Trust alerts:Analysts Set New Price Targets
Separately, B. Riley started coverage on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 28th. They issued a "buy" rating and a $16.00 price objective on the stock.
Franklin BSP Realty Trust Stock Performance
Franklin BSP Realty Trust stock opened at $13.59 on Monday. The company has a debt-to-equity ratio of 3.32, a current ratio of 58.30 and a quick ratio of 58.30. Franklin BSP Realty Trust, Inc. has a 1-year low of $10.34 and a 1-year high of $16.20. The firm has a market capitalization of $1.12 billion, a P/E ratio of -4.01 and a beta of 1.44. The company's 50-day moving average is $13.85 and its 200 day moving average is $13.57.Franklin BSP Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Friday, December 30th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.45%. The ex-dividend date of this dividend is Thursday, December 29th. Franklin BSP Realty Trust's dividend payout ratio (DPR) is presently -41.89%.
Franklin BSP Realty Trust Company Profile
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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.
Further Reading
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