Nisa Investment Advisors LLC Has $258,000 Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Nisa Investment Advisors LLC lowered its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 10.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,962 shares of the company’s stock after selling 2,253 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Franklin BSP Realty Trust were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Strong Tower Advisory Services increased its stake in 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. Barclays PLC grew its holdings in shares of Franklin BSP Realty Trust by 22.0% during the 3rd quarter. Barclays PLC now owns 136,534 shares of the company’s stock worth $1,784,000 after purchasing an additional 24,633 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Franklin BSP Realty Trust by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock worth $25,335,000 after purchasing an additional 9,428 shares during the period. Hodges Capital Management Inc. acquired a new position in Franklin BSP Realty Trust in the third quarter valued at about $189,000. Finally, Orion Portfolio Solutions LLC lifted its position in Franklin BSP Realty Trust by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 19,639 shares of the company’s stock worth $256,000 after purchasing an additional 1,381 shares during the period. Institutional investors own 59.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective for the company. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Trading Down 0.9 %

FBRT opened at $12.58 on Thursday. The company has a market cap of $1.03 billion, a P/E ratio of 15.34 and a beta of 1.39. 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’s 50 day moving average is $12.73 and its 200-day moving average is $12.97. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.96 and a 1-year high of $14.11.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.29%. Franklin BSP Realty Trust’s payout ratio is presently 173.17%.

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).