Concorde Asset Management LLC Has $248,000 Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Concorde Asset Management LLC lifted its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 27.9% in the 3rd quarter, Holdings Channel reports. The firm owned 19,000 shares of the company’s stock after buying an additional 4,150 shares during the quarter. Concorde Asset Management LLC’s holdings in Franklin BSP Realty Trust were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBRT. SG Americas Securities LLC acquired a new position in Franklin BSP Realty Trust during the 1st quarter worth $136,000. ProShare Advisors LLC lifted its position in Franklin BSP Realty Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,744 shares of the company’s stock worth $224,000 after acquiring an additional 1,155 shares during the last quarter. Vanguard Group Inc. lifted its position in Franklin BSP Realty Trust by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,973,474 shares of the company’s stock worth $119,886,000 after acquiring an additional 48,171 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Franklin BSP Realty Trust by 54.6% during the first quarter. Gabelli Funds LLC now owns 130,000 shares of the company’s stock valued at $1,737,000 after buying an additional 45,901 shares during the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in shares of Franklin BSP Realty Trust during the first quarter valued at about $6,012,000. Institutional investors and hedge funds own 59.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James upped 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 Stock Performance

NYSE FBRT opened at $12.88 on Friday. The stock has a market cap of $1.05 billion, a P/E ratio of 15.65 and a beta of 1.41. The company’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $12.99. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.99 and a twelve month high of $14.66. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were paid a $0.355 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.42 dividend on an annualized basis and a yield of 11.02%. Franklin BSP Realty Trust’s payout ratio is currently 173.17%.

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).