Franklin BSP Realty Trust, Inc. (NYSE:FBRT) is Gratia Capital LLC’s 3rd Largest Position

Gratia Capital LLC boosted its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 110.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 622,622 shares of the company’s stock after purchasing an additional 326,122 shares during the quarter. Franklin BSP Realty Trust makes up 7.7% of Gratia Capital LLC’s portfolio, making the stock its 3rd biggest holding. Gratia Capital LLC’s holdings in Franklin BSP Realty Trust were worth $7,808,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC boosted its holdings in Franklin BSP Realty Trust by 6.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 20,877 shares of the company’s stock valued at $262,000 after acquiring an additional 1,238 shares during the last quarter. Shorepoint Capital Partners LLC raised its holdings in shares of Franklin BSP Realty Trust by 2.8% in the 4th quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company’s stock worth $645,000 after purchasing an additional 1,400 shares during the period. Mutual Advisors LLC lifted its stake in shares of Franklin BSP Realty Trust by 7.7% in the 4th quarter. Mutual Advisors LLC now owns 19,728 shares of the company’s stock valued at $247,000 after purchasing an additional 1,402 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Franklin BSP Realty Trust by 3.2% during the 4th quarter. Allworth Financial LP now owns 48,183 shares of the company’s stock worth $599,000 after purchasing an additional 1,501 shares during the period. Finally, Quarry LP acquired a new stake in Franklin BSP Realty Trust during the 4th quarter worth approximately $32,000. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on FBRT shares. Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Jones Trading restated a “buy” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a report on Tuesday, March 11th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $15.50.

Franklin BSP Realty Trust Stock Up 1.4 %

Shares of NYSE FBRT opened at $11.64 on Friday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89. Franklin BSP Realty Trust, Inc. has a 1 year low of $10.50 and a 1 year high of $14.12. The stock’s 50-day simple moving average is $12.48 and its 200-day simple moving average is $12.71. The firm has a market cap of $973.12 million, a price-to-earnings ratio of 14.02 and a beta of 1.14.

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, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. As a group, equities 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a dividend of $0.355 per share. The ex-dividend date was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 12.20%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 171.08%.

About Franklin BSP Realty Trust

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).