14,850 Shares in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Acquired by Concorde Asset Management LLC

Concorde Asset Management LLC bought a new stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,850 shares of the company’s stock, valued at approximately $187,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. purchased a new stake in Franklin BSP Realty Trust during the first quarter valued at approximately $46,000. Your Advocates Ltd. LLP acquired a new position in shares of Franklin BSP Realty Trust during the second quarter worth $76,000. SG Americas Securities LLC purchased a new stake in shares of Franklin BSP Realty Trust during the 1st quarter valued at $136,000. Sollinda Capital Management LLC acquired a new stake in shares of Franklin BSP Realty Trust in the 4th quarter worth $176,000. Finally, Marble Harbor Investment Counsel LLC purchased a new position in Franklin BSP Realty Trust during the 2nd quarter worth $189,000. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $13.65 on Friday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 89.36 and a current ratio of 89.36. The stock has a 50-day moving average of $13.18 and a two-hundred day moving average of $12.94. The stock has a market cap of $1.12 billion, a P/E ratio of 10.34 and a beta of 1.42. Franklin BSP Realty Trust, Inc. has a one year low of $11.99 and a one year high of $14.66.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date is Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 107.58%.

Analysts Set New Price Targets

A number of equities research analysts have commented on FBRT shares. BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of Franklin BSP Realty Trust in a research note on Friday, July 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Thursday, June 27th. Finally, Raymond James lifted 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.

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).