Beck Capital Management LLC Has $395,000 Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Beck Capital Management LLC reduced its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 13.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,211 shares of the company’s stock after selling 4,661 shares during the quarter. Beck Capital Management LLC’s holdings in Franklin BSP Realty Trust were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC grew its holdings in shares of Franklin BSP Realty Trust by 42.9% during the third quarter. FMR LLC now owns 2,623 shares of the company’s stock valued at $34,000 after buying an additional 787 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Franklin BSP Realty Trust during the 2nd quarter worth about $41,000. KBC Group NV grew its stake in Franklin BSP Realty Trust by 51.6% during the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after acquiring an additional 1,588 shares in the last quarter. Your Advocates Ltd. LLP acquired a new position in shares of Franklin BSP Realty Trust in the 2nd quarter valued at about $76,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Franklin BSP Realty Trust in the third quarter worth approximately $168,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Analyst Ratings Changes

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

Franklin BSP Realty Trust Price Performance

FBRT opened at $13.08 on Monday. The stock has a fifty day moving average price of $13.01 and a 200 day moving average price of $12.99. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67. Franklin BSP Realty Trust, Inc. has a 1 year low of $11.99 and a 1 year high of $14.66. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 15.95 and a beta of 1.41.

Franklin BSP Realty Trust Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.42 annualized dividend and a dividend yield of 10.86%. Franklin BSP Realty Trust’s dividend payout ratio is 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).