Gratia Capital LLC decreased its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Free Report) by 22.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,769,370 shares of the company’s stock after selling 509,330 shares during the period. Franklin BSP Realty Trust makes up about 8.7% of Gratia Capital LLC’s holdings, making the stock its 3rd biggest holding. Gratia Capital LLC’s holdings in Franklin BSP Realty Trust were worth $14,403,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in Franklin BSP Realty Trust in the 4th quarter worth $44,000. Danske Bank A S bought a new stake in Franklin BSP Realty Trust in the third quarter worth $45,000. Bessemer Group Inc. boosted its position in Franklin BSP Realty Trust by 96.3% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock valued at $46,000 after buying an additional 2,684 shares during the period. KBC Group NV purchased a new stake in Franklin BSP Realty Trust during the first quarter valued at about $47,000. Finally, State of Wyoming bought a new position in shares of Franklin BSP Realty Trust during the second quarter valued at about $47,000. Institutional investors own 59.87% of the company’s stock.
Franklin BSP Realty Trust Price Performance
FBRT stock opened at $7.99 on Thursday. The stock has a market capitalization of $663.66 million, a price-to-earnings ratio of 18.16 and a beta of 0.93. The firm’s 50-day moving average price is $8.05 and its two-hundred day moving average price is $8.51. The company has a current ratio of 96.80, a quick ratio of 96.80 and a debt-to-equity ratio of 3.47. Franklin BSP Realty Trust, Inc. has a 12-month low of $7.34 and a 12-month high of $11.68.
Franklin BSP Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date was Tuesday, June 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 181.82%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on FBRT shares. Weiss Ratings upgraded Franklin BSP Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Citizens Jmp restated a “market outperform” rating and set a $11.00 target price on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Finally, Zacks Research upgraded Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.50.
Check Out Our Latest Stock Analysis on FBRT
Insider Activity
In other Franklin BSP Realty Trust news, Director Buford Ortale bought 29,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $9.85 per share, for a total transaction of $291,530.45. Following the completion of the acquisition, the director directly owned 28,900 shares in the company, valued at $284,665. The trade was a -4,246.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.
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.
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