AE Wealth Management LLC Sells 6,556 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Posted by Defense World Staff on Apr 19th, 2023

AE Wealth Management LLC reduced its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 238,620 shares of the company’s stock after selling 6,556 shares during the period. AE Wealth Management LLC owned approximately 0.29% of Franklin BSP Realty Trust worth $3,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its holdings in shares of Franklin BSP Realty Trust by 30.7% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 6,040 shares of the company’s stock worth $65,000 after buying an additional 1,420 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter worth about $116,000. PFG Advisors bought a new stake in shares of Franklin BSP Realty Trust in the 4th quarter worth about $149,000. Retirement Financial Solutions LLC bought a new stake in shares of Franklin BSP Realty Trust in the 4th quarter worth about $738,000. Finally, Strategic Blueprint LLC bought a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter worth about $203,000. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FBRT has been the subject of a number of recent analyst reports. Raymond James initiated coverage on shares of Franklin BSP Realty Trust in a research note on Tuesday, April 4th. They set an “outperform” rating and a $13.50 price target for the company. Jonestrading dropped their price target on shares of Franklin BSP Realty Trust from $16.50 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 6th.

Franklin BSP Realty Trust Price Performance

FBRT stock opened at $12.22 on Wednesday. The stock has a market cap of $1.01 billion, a PE ratio of -14.72 and a beta of 1.50. The company has a current ratio of 82.63, a quick ratio of 82.63 and a debt-to-equity ratio of 3.37. Franklin BSP Realty Trust, Inc. has a 12 month low of $10.34 and a 12 month high of $16.20. The company has a 50-day moving average price of $12.85 and a 200 day moving average price of $13.32.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Shareholders of record on Friday, March 31st were given a $0.355 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.42 annualized dividend and a yield of 11.62%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is -171.08%.

Franklin BSP Realty Trust Profile

(Get Rating)

Capstead Mortgage Corporation (Capstead) operates as a self-managed real estate investment trust (REIT). Capstead 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).