Caprock Group LLC Invests $460,000 in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Caprock Group LLC purchased a new position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,300 shares of the company’s stock, valued at approximately $460,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fairscale Capital LLC acquired a new stake in shares of Franklin BSP Realty Trust during the 2nd quarter valued at $41,000. KBC Group NV raised its holdings in shares of Franklin BSP Realty Trust by 51.6% during the third quarter. KBC Group NV now owns 4,664 shares of the company’s stock worth $61,000 after acquiring an additional 1,588 shares in the last quarter. Your Advocates Ltd. LLP acquired a new stake in Franklin BSP Realty Trust during the second quarter valued at $76,000. SG Americas Securities LLC purchased a new position in Franklin BSP Realty Trust in the first quarter valued at about $136,000. Finally, Concorde Asset Management LLC acquired a new position in Franklin BSP Realty Trust in the 2nd quarter worth about $187,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Trading Up 1.2 %

Franklin BSP Realty Trust stock opened at $13.01 on Friday. Franklin BSP Realty Trust, Inc. has a one year low of $11.99 and a one year high of $14.66. The company’s fifty day moving average price is $13.05 and its two-hundred day moving average price is $12.99. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.87 and a beta of 1.41. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45.

Franklin BSP Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust’s payout ratio is 173.17%.

Analysts Set New Price Targets

Separately, Raymond James raised their price objective on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research report on Thursday, September 19th.

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).