Penserra Capital Management LLC Grows Stake in Franklin BSP Realty Trust, Inc. $FBRT

Penserra Capital Management LLC lifted its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 9.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 94,451 shares of the company’s stock after buying an additional 8,516 shares during the period. Penserra Capital Management LLC’s holdings in Franklin BSP Realty Trust were worth $1,009,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FBRT. Teacher Retirement System of Texas bought a new position in Franklin BSP Realty Trust in the 1st quarter worth about $152,000. Principal Financial Group Inc. grew its holdings in shares of Franklin BSP Realty Trust by 4.2% during the first quarter. Principal Financial Group Inc. now owns 413,595 shares of the company’s stock worth $5,269,000 after purchasing an additional 16,707 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Franklin BSP Realty Trust by 24.2% during the first quarter. Bank of New York Mellon Corp now owns 714,485 shares of the company’s stock worth $9,103,000 after purchasing an additional 139,417 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Franklin BSP Realty Trust by 5.8% in the first quarter. Apollon Wealth Management LLC now owns 27,237 shares of the company’s stock worth $347,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Franklin BSP Realty Trust by 477.7% in the first quarter. Victory Capital Management Inc. now owns 83,357 shares of the company’s stock valued at $1,062,000 after purchasing an additional 68,929 shares in the last quarter. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

Shares of Franklin BSP Realty Trust stock opened at $9.82 on Tuesday. The stock has a market capitalization of $800.97 million, a price-to-earnings ratio of 12.27 and a beta of 1.00. The company has a fifty day moving average of $10.90 and a 200-day moving average of $10.96. Franklin BSP Realty Trust, Inc. has a 52-week low of $9.79 and a 52-week high of $13.58. The company has a debt-to-equity ratio of 3.21, a quick ratio of 81.24 and a current ratio of 81.24.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Franklin BSP Realty Trust’s payout ratio is 177.50%.

Wall Street Analyst Weigh In

FBRT has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, October 8th. Jones Trading reduced their target price on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Franklin BSP Realty Trust presently has a consensus rating of “Buy” and an average price target of $14.67.

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).