Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Bought by Concorde Asset Management LLC

Concorde Asset Management LLC raised its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 27.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,000 shares of the company’s stock after purchasing an additional 4,150 shares during the quarter. Concorde Asset Management LLC’s holdings in Franklin BSP Realty Trust were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. ProShare Advisors LLC increased its stake in shares of Franklin BSP Realty Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 16,744 shares of the company’s stock valued at $224,000 after acquiring an additional 1,155 shares during the period. Cetera Investment Advisers boosted its holdings in Franklin BSP Realty Trust by 0.9% during the second quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock worth $1,674,000 after buying an additional 1,236 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Franklin BSP Realty Trust by 7.8% during the second quarter. Arkadios Wealth Advisors now owns 20,867 shares of the company’s stock worth $263,000 after buying an additional 1,509 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Franklin BSP Realty Trust by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock worth $515,000 after buying an additional 1,518 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Franklin BSP Realty Trust by 51.6% during the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after buying an additional 1,588 shares in the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Up 0.4 %

Franklin BSP Realty Trust stock opened at $12.88 on Friday. The company’s fifty day simple moving average is $13.07 and its 200-day simple moving average is $12.99. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. Franklin BSP Realty Trust, Inc. has a 12 month low of $11.99 and a 12 month high of $14.66. The stock has a market cap of $1.05 billion, a P/E ratio of 15.65 and a beta of 1.41.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 11.02%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is currently 173.17%.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised their price objective 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.

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).