Exchange Traded Concepts LLC Makes New $751,000 Investment in Franklin BSP Realty Trust, Inc. $FBRT

Exchange Traded Concepts LLC purchased a new stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the third quarter, Holdings Channel.com reports. The fund purchased 69,179 shares of the company’s stock, valued at approximately $751,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBRT. Y Intercept Hong Kong Ltd raised its holdings in Franklin BSP Realty Trust by 292.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 61,510 shares of the company’s stock worth $658,000 after purchasing an additional 45,832 shares during the last quarter. RPS Advisory Solutions LLC raised its stake in shares of Franklin BSP Realty Trust by 111.5% during the 2nd quarter. RPS Advisory Solutions LLC now owns 166,615 shares of the company’s stock worth $1,781,000 after buying an additional 87,853 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Franklin BSP Realty Trust by 43.4% during the 1st quarter. Voya Investment Management LLC now owns 133,204 shares of the company’s stock worth $1,697,000 after buying an additional 40,333 shares during the last quarter. Gratia Capital LLC boosted its position in shares of Franklin BSP Realty Trust by 42.1% in the 2nd quarter. Gratia Capital LLC now owns 817,837 shares of the company’s stock worth $8,743,000 after buying an additional 242,395 shares in the last quarter. Finally, Condor Capital Management grew its stake in Franklin BSP Realty Trust by 30.4% in the 2nd quarter. Condor Capital Management now owns 432,529 shares of the company’s stock valued at $4,624,000 after acquiring an additional 100,961 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Down 1.0%

Shares of NYSE:FBRT opened at $10.35 on Tuesday. The company has a quick ratio of 67.81, a current ratio of 67.81 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $844.34 million, a P/E ratio of 12.93 and a beta of 1.00. Franklin BSP Realty Trust, Inc. has a 52-week low of $9.71 and a 52-week high of $13.58. The stock’s fifty day simple moving average is $10.36 and its 200-day simple moving average is $10.75.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 177.50%.

Wall Street Analysts Forecast Growth

Separately, 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, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $14.00.

Franklin BSP Realty Trust Company Profile

Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.