Condor Capital Management Acquires 111,813 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Condor Capital Management grew its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 58.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 302,192 shares of the company’s stock after purchasing an additional 111,813 shares during the quarter. Condor Capital Management owned approximately 0.37% of Franklin BSP Realty Trust worth $3,789,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Franklin BSP Realty Trust by 62.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,148 shares of the company’s stock worth $1,621,000 after acquiring an additional 47,650 shares during the last quarter. Barclays PLC boosted its stake in Franklin BSP Realty Trust by 22.0% during the 3rd quarter. Barclays PLC now owns 136,534 shares of the company’s stock worth $1,784,000 after acquiring an additional 24,633 shares during the last quarter. Geode Capital Management LLC boosted its stake in Franklin BSP Realty Trust by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock worth $25,335,000 after acquiring an additional 9,428 shares during the last quarter. FMR LLC boosted its stake in Franklin BSP Realty Trust by 42.9% during the 3rd quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after acquiring an additional 787 shares during the last quarter. Finally, Strong Tower Advisory Services boosted its stake in Franklin BSP Realty Trust by 9.7% during the 4th quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company’s stock worth $14,510,000 after acquiring an additional 101,951 shares during the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $13.20 on Thursday. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.96 and a 12-month high of $14.12. The company has a market capitalization of $1.08 billion, a PE ratio of 15.90 and a beta of 1.37. The firm’s 50 day moving average is $12.92 and its 200-day moving average is $12.96.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. The company had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. Equities research analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a $0.355 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 10.76%. Franklin BSP Realty Trust’s dividend payout ratio is presently 171.08%.

Wall Street Analysts Forecast Growth

Several analysts have commented on FBRT shares. Jones Trading restated a “buy” rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a report on Tuesday, March 11th. B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th. Finally, Janney Montgomery Scott started coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price on the stock. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.50.

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).