Newbridge Financial Services Group Inc. Has $1.04 Million Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Newbridge Financial Services Group Inc. reduced its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 77,311 shares of the company’s stock after selling 4,470 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Franklin BSP Realty Trust were worth $1,044,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FBRT. Barclays PLC lifted its holdings in shares of Franklin BSP Realty Trust by 5.8% during the third quarter. Barclays PLC now owns 47,546 shares of the company’s stock worth $629,000 after buying an additional 2,611 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 658,301 shares of the company’s stock worth $8,716,000 after buying an additional 25,636 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Franklin BSP Realty Trust by 13.7% during the third quarter. Deutsche Bank AG now owns 41,920 shares of the company’s stock worth $555,000 after buying an additional 5,038 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Franklin BSP Realty Trust by 1.3% during the third quarter. Invesco Ltd. now owns 530,010 shares of the company’s stock worth $7,017,000 after buying an additional 6,994 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Franklin BSP Realty Trust by 60.1% during the third quarter. Dark Forest Capital Management LP now owns 20,744 shares of the company’s stock worth $275,000 after buying an additional 7,786 shares during the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Price Performance

NYSE:FBRT traded down $0.01 during trading hours on Tuesday, reaching $13.05. The company had a trading volume of 16,495 shares, compared to its average volume of 324,573. The stock has a 50-day moving average of $12.70 and a two-hundred day moving average of $13.06. Franklin BSP Realty Trust, Inc. has a one year low of $11.99 and a one year high of $14.70. The firm has a market capitalization of $1.07 billion, a PE ratio of 9.89 and a beta of 1.44. The company has a quick ratio of 88.39, a current ratio of 88.39 and a debt-to-equity ratio of 3.21.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $53.95 million during the quarter, compared to the consensus estimate of $54.64 million. Franklin BSP Realty Trust had a net margin of 53.82% and a return on equity of 14.32%. During the same quarter last year, the company earned $0.44 earnings per share. Analysts forecast that Franklin BSP Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date is Friday, June 28th. Franklin BSP Realty Trust’s dividend payout ratio is currently 107.58%.

Wall Street Analyst Weigh In

FBRT has been the topic of a number of research reports. BTIG Research lowered their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Raymond James upgraded Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research report on Friday, April 12th.

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).