Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 22.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,352 shares of the company’s stock after purchasing an additional 14,415 shares during the quarter. Penserra Capital Management LLC owned 0.09% of Franklin BSP Realty Trust worth $1,010,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FBRT. Fairscale Capital LLC purchased a new stake in shares of Franklin BSP Realty Trust in the 2nd quarter valued at $41,000. KBC Group NV grew its position in Franklin BSP Realty Trust by 51.6% in the 3rd quarter. KBC Group NV now owns 4,664 shares of the company’s stock valued at $61,000 after acquiring an additional 1,588 shares in the last quarter. Your Advocates Ltd. LLP purchased a new stake in Franklin BSP Realty Trust during the second quarter worth about $76,000. Intech Investment Management LLC acquired a new stake in shares of Franklin BSP Realty Trust during the third quarter worth about $168,000. Finally, Concorde Asset Management LLC purchased a new position in shares of Franklin BSP Realty Trust in the second quarter valued at approximately $187,000. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT opened at $13.10 on Wednesday. The stock’s 50-day moving average is $13.04 and its two-hundred day moving average is $12.99. 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, Inc. has a 1-year low of $11.99 and a 1-year high of $14.66. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 15.98 and a beta of 1.41.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

Wall Street Analyst Weigh In

Separately, Raymond James lifted 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 report on Thursday, September 19th.

Franklin BSP Realty Trust Company 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).