Newbridge Financial Services Group Inc. Sells 5,126 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Newbridge Financial Services Group Inc. lowered its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,139 shares of the company’s stock after selling 5,126 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Franklin BSP Realty Trust were worth $516,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Franklin BSP Realty Trust by 42.9% in the third quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after purchasing an additional 787 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Franklin BSP Realty Trust in the 4th quarter valued at $58,000. KBC Group NV lifted its holdings 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 worth $61,000 after acquiring an additional 1,588 shares during the period. Intech Investment Management LLC bought a new position in Franklin BSP Realty Trust during the third quarter worth about $168,000. Finally, Longboard Asset Management LP bought a new position in shares of Franklin BSP Realty Trust during the 4th quarter worth approximately $174,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

FBRT opened at $12.82 on Friday. 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 company’s 50 day simple moving average is $12.69 and its 200-day simple moving average is $12.94. Franklin BSP Realty Trust, Inc. has a one year low of $11.96 and a one year high of $14.11. The stock has a market capitalization of $1.05 billion, a P/E ratio of 15.63 and a beta of 1.39.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 11.08%. Franklin BSP Realty Trust’s payout ratio is 173.17%.

Analysts Set New Price Targets

Several research firms have issued reports on FBRT. 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 objective for the company. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Franklin BSP Realty Trust presently has a consensus rating of “Buy” and an average target price 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).