Atria Wealth Solutions Inc. Has $979,000 Stock Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Atria Wealth Solutions Inc. lessened its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 15.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 78,109 shares of the company’s stock after selling 13,995 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Franklin BSP Realty Trust were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FBRT. Charles Schwab Investment Management Inc. lifted its position in Franklin BSP Realty Trust by 13.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company’s stock worth $13,403,000 after purchasing an additional 117,745 shares during the period. State Street Corp increased its holdings in Franklin BSP Realty Trust by 3.6% in the 3rd quarter. State Street Corp now owns 3,359,241 shares of the company’s stock valued at $45,059,000 after buying an additional 116,589 shares during the period. Van ECK Associates Corp raised its stake in shares of Franklin BSP Realty Trust by 16.8% in the 4th quarter. Van ECK Associates Corp now owns 725,963 shares of the company’s stock valued at $9,104,000 after buying an additional 104,599 shares in the last quarter. Strong Tower Advisory Services lifted its holdings in shares of Franklin BSP Realty Trust by 9.7% during the 4th quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company’s stock worth $14,510,000 after acquiring an additional 101,951 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Franklin BSP Realty Trust by 62.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,148 shares of the company’s stock valued at $1,621,000 after acquiring an additional 47,650 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

Franklin BSP Realty Trust stock opened at $13.16 on Tuesday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 15.85 and a beta of 1.39. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.96 and a 12-month high of $14.11. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. The business’s 50-day simple moving average is $12.71 and its 200 day simple moving average is $12.92.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. The company had revenue of $55.95 million during the quarter, compared to analysts’ expectations of $49.28 million. As a group, research analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Franklin BSP Realty Trust’s payout ratio is 171.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FBRT shares. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Janney Montgomery Scott started coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They issued a “buy” rating and a $16.00 price target on the stock. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $15.63.

Franklin BSP Realty Trust Company 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).