Apollon Wealth Management LLC Invests $273,000 in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Apollon Wealth Management LLC purchased a new stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,922 shares of the company’s stock, valued at approximately $273,000.

Other large investors have also made changes to their positions in the company. Strong Tower Advisory Services increased its stake in Franklin BSP Realty Trust by 28.7% during the 3rd quarter. Strong Tower Advisory Services now owns 1,055,160 shares of the company’s stock worth $13,780,000 after purchasing an additional 235,548 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Franklin BSP Realty Trust during the third quarter worth $345,000. Centaurus Financial Inc. increased its position in shares of Franklin BSP Realty Trust by 24.3% during the second quarter. Centaurus Financial Inc. now owns 41,834 shares of the company’s stock worth $527,000 after acquiring an additional 8,189 shares in the last quarter. Cetera Investment Advisers lifted its position in Franklin BSP Realty Trust by 0.9% in the 2nd quarter. Cetera Investment Advisers now owns 132,852 shares of the company’s stock valued at $1,674,000 after acquiring an additional 1,236 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Franklin BSP Realty Trust by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,875 shares of the company’s stock worth $515,000 after purchasing an additional 1,518 shares during the period. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $12.86 on Tuesday. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.99 and a 12-month high of $14.66. The firm’s 50 day moving average is $13.07 and its 200-day moving average is $12.99. The company has a market capitalization of $1.05 billion, a PE ratio of 15.68 and a beta of 1.41. 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 declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were paid a $0.355 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.42 annualized dividend and a yield of 11.04%. Franklin BSP Realty Trust’s payout ratio is currently 173.17%.

Wall Street Analysts Forecast Growth

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

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).