Centaurus Financial Inc. Sells 3,543 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Centaurus Financial Inc. lowered its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 8.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,291 shares of the company’s stock after selling 3,543 shares during the quarter. Centaurus Financial Inc.’s holdings in Franklin BSP Realty Trust were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. 1832 Asset Management L.P. lifted its holdings in Franklin BSP Realty Trust by 55.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 700,000 shares of the company’s stock worth $8,820,000 after purchasing an additional 250,000 shares in the last quarter. Strong Tower Advisory Services lifted its holdings in shares of Franklin BSP Realty Trust by 28.7% in the third quarter. Strong Tower Advisory Services now owns 1,055,160 shares of the company’s stock worth $13,780,000 after buying an additional 235,548 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Franklin BSP Realty Trust by 33.6% in the second quarter. Van ECK Associates Corp now owns 659,801 shares of the company’s stock valued at $8,313,000 after acquiring an additional 166,120 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Franklin BSP Realty Trust by 13.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company’s stock valued at $13,403,000 after acquiring an additional 117,745 shares in the last quarter. Finally, RPS Advisory Solutions LLC bought a new stake in Franklin BSP Realty Trust during the 2nd quarter worth approximately $1,020,000. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Raymond James increased their target price on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $13.10 on Wednesday. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.99 and a 12-month high of $14.66. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67. The company has a market cap of $1.07 billion, a PE ratio of 15.98 and a beta of 1.41. The stock has a 50-day moving average price of $13.04 and a 200-day moving average price of $12.99.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is currently 173.17%.

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).