Financial Gravity Companies Inc. Takes $107,000 Position in Franklin BSP Realty Trust, Inc. $FBRT

Financial Gravity Companies Inc. bought a new position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,026 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FBRT. Nuveen LLC acquired a new stake in Franklin BSP Realty Trust in the 1st quarter valued at $2,542,000. Bank of New York Mellon Corp grew its position in shares of Franklin BSP Realty Trust by 24.2% in the first quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company’s stock valued at $9,103,000 after purchasing an additional 139,417 shares during the period. Condor Capital Management increased its stake in shares of Franklin BSP Realty Trust by 30.4% during the second quarter. Condor Capital Management now owns 432,529 shares of the company’s stock worth $4,624,000 after purchasing an additional 100,961 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Franklin BSP Realty Trust by 51.6% during the first quarter. Gabelli Funds LLC now owns 280,351 shares of the company’s stock worth $3,572,000 after purchasing an additional 95,450 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Franklin BSP Realty Trust by 11.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 890,249 shares of the company’s stock worth $11,342,000 after purchasing an additional 88,378 shares during the last quarter. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Performance

FBRT opened at $9.99 on Monday. Franklin BSP Realty Trust, Inc. has a twelve month low of $9.78 and a twelve month high of $13.58. The firm has a market capitalization of $814.85 million, a PE ratio of 12.48 and a beta of 1.00. The company has a current ratio of 81.24, a quick ratio of 81.24 and a debt-to-equity ratio of 3.21. The firm’s 50-day moving average price is $10.78 and its 200 day moving average price is $10.92.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 14.2%. The ex-dividend date was Tuesday, September 30th. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FBRT shares. Jones Trading lowered their price objective on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Franklin BSP Realty Trust presently has a consensus rating of “Buy” and a consensus target price of $14.67.

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).