53,000 Shares in Franklin BSP Realty Trust, Inc. $FBRT Acquired by Bailard Inc.

Bailard Inc. bought a new stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,000 shares of the company’s stock, valued at approximately $576,000.

Several other hedge funds have also recently added to or reduced their stakes in FBRT. Geode Capital Management LLC boosted its stake in shares of Franklin BSP Realty Trust by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,001,039 shares of the company’s stock valued at $21,394,000 after purchasing an additional 12,252 shares during the last quarter. Strong Tower Advisory Services lifted its holdings in Franklin BSP Realty Trust by 2.4% in the third quarter. Strong Tower Advisory Services now owns 1,442,728 shares of the company’s stock valued at $15,668,000 after buying an additional 34,102 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Franklin BSP Realty Trust by 9.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 971,562 shares of the company’s stock valued at $10,386,000 after buying an additional 81,313 shares during the period. Gratia Capital LLC boosted its position in Franklin BSP Realty Trust by 42.1% during the second quarter. Gratia Capital LLC now owns 817,837 shares of the company’s stock valued at $8,743,000 after acquiring an additional 242,395 shares during the last quarter. Finally, Condor Capital Management grew its holdings in Franklin BSP Realty Trust by 30.4% during the 2nd quarter. Condor Capital Management now owns 432,529 shares of the company’s stock worth $4,624,000 after acquiring an additional 100,961 shares during the period. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock opened at $10.10 on Friday. The business has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $10.65. Franklin BSP Realty Trust, Inc. has a one year low of $9.65 and a one year high of $13.58. The company has a debt-to-equity ratio of 3.32, a current ratio of 67.81 and a quick ratio of 67.81. The firm has a market capitalization of $823.85 million, a price-to-earnings ratio of 12.62 and a beta of 0.99.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.355 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.42 annualized dividend and a dividend yield of 14.1%. Franklin BSP Realty Trust’s payout ratio is currently 177.50%.

Wall Street Analyst Weigh In

FBRT has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, October 8th. Zacks Research lowered Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Franklin BSP Realty Trust presently has an average rating of “Hold” and an average price target of $14.00.

Franklin BSP Realty Trust 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.