Condor Capital Management Purchases 111,813 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Condor Capital Management boosted its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 58.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,192 shares of the company’s stock after purchasing an additional 111,813 shares during the quarter. Condor Capital Management’s holdings in Franklin BSP Realty Trust were worth $3,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Franklin BSP Realty Trust by 62.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,148 shares of the company’s stock worth $1,621,000 after purchasing an additional 47,650 shares during the period. Barclays PLC boosted its position in Franklin BSP Realty Trust by 22.0% during the third quarter. Barclays PLC now owns 136,534 shares of the company’s stock worth $1,784,000 after purchasing an additional 24,633 shares during the period. Geode Capital Management LLC boosted its position in Franklin BSP Realty Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,939,515 shares of the company’s stock worth $25,335,000 after purchasing an additional 9,428 shares during the period. FMR LLC boosted its position in Franklin BSP Realty Trust by 42.9% during the third quarter. FMR LLC now owns 2,623 shares of the company’s stock worth $34,000 after purchasing an additional 787 shares during the period. Finally, Strong Tower Advisory Services boosted its position in Franklin BSP Realty Trust by 9.7% during the fourth quarter. Strong Tower Advisory Services now owns 1,157,111 shares of the company’s stock worth $14,510,000 after purchasing an additional 101,951 shares during the period. 59.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FBRT has been the subject of a number of research analyst reports. Jones Trading reaffirmed a “buy” rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott started coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Citigroup reissued an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.50.

Franklin BSP Realty Trust Stock Down 0.6 %

FBRT stock opened at $13.20 on Thursday. The company has a market cap of $1.08 billion, a PE ratio of 15.90 and a beta of 1.37. The business has a 50-day simple moving average of $12.92 and a 200 day simple moving average of $12.96. Franklin BSP Realty Trust, Inc. has a 52 week low of $11.96 and a 52 week high of $14.12. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $55.95 million during the quarter, compared to the consensus estimate of $49.28 million. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. Sell-side analysts anticipate that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date of this dividend is Monday, March 31st. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 171.08%.

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).