Orchard Capital Management LLC Has $7.34 Million Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Orchard Capital Management LLC cut its holdings in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 582,132 shares of the company’s stock after selling 6,951 shares during the quarter. Franklin BSP Realty Trust comprises 2.2% of Orchard Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Orchard Capital Management LLC owned approximately 0.71% of Franklin BSP Realty Trust worth $7,335,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FBRT. Kathleen S. Wright Associates Inc. acquired a new position in shares of Franklin BSP Realty Trust during the first quarter worth approximately $46,000. Your Advocates Ltd. LLP acquired a new position in shares of Franklin BSP Realty Trust during the second quarter worth approximately $76,000. SG Americas Securities LLC acquired a new position in shares of Franklin BSP Realty Trust during the first quarter worth approximately $136,000. Sollinda Capital Management LLC bought a new stake in shares of Franklin BSP Realty Trust during the fourth quarter valued at approximately $176,000. Finally, Concorde Asset Management LLC bought a new stake in shares of Franklin BSP Realty Trust during the second quarter valued at approximately $187,000. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FBRT shares. Raymond James boosted their price objective on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research report on Thursday. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of Franklin BSP Realty Trust in a research report on Friday, July 19th. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Thursday, June 27th.

Franklin BSP Realty Trust Stock Performance

Shares of NYSE:FBRT opened at $13.65 on Friday. The business’s fifty day moving average price is $13.18 and its two-hundred day moving average price is $12.94. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $11.99 and a fifty-two week high of $14.66. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.34 and a beta of 1.42. The company has a debt-to-equity ratio of 3.54, a current ratio of 89.36 and a quick ratio of 89.36.

Franklin BSP Realty Trust Announces Dividend

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

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).