Beacon Capital Management LLC Purchases 2,539 Shares of Franklin BSP Realty Trust, Inc. $FBRT

Beacon Capital Management LLC lifted its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 38.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,070 shares of the company’s stock after acquiring an additional 2,539 shares during the period. Beacon Capital Management LLC’s holdings in Franklin BSP Realty Trust were worth $97,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in shares of Franklin BSP Realty Trust in the 1st quarter worth approximately $32,000. AlphaQuest LLC bought a new position in shares of Franklin BSP Realty Trust in the 1st quarter worth approximately $32,000. Tortoise Investment Management LLC bought a new position in shares of Franklin BSP Realty Trust in the 1st quarter worth approximately $39,000. GAMMA Investing LLC raised its position in shares of Franklin BSP Realty Trust by 1,683.5% in the 1st quarter. GAMMA Investing LLC now owns 4,637 shares of the company’s stock worth $59,000 after acquiring an additional 4,377 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Franklin BSP Realty Trust by 138.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,044 shares of the company’s stock valued at $64,000 after buying an additional 2,926 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jones Trading reduced their price objective on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $14.67.

Franklin BSP Realty Trust Stock Up 0.4%

FBRT stock opened at $11.28 on Monday. Franklin BSP Realty Trust, Inc. has a twelve month low of $9.79 and a twelve month high of $13.58. The company has a quick ratio of 81.24, a current ratio of 81.24 and a debt-to-equity ratio of 3.21. The firm has a market cap of $927.71 million, a PE ratio of 11.51 and a beta of 1.04. The business has a 50 day moving average of $11.07 and a 200 day moving average of $11.29.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be issued a $0.355 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.6%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 144.90%.

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).