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

Penserra Capital Management LLC boosted its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 22.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,352 shares of the company’s stock after buying an additional 14,415 shares during the quarter. Penserra Capital Management LLC’s holdings in Franklin BSP Realty Trust were worth $1,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Concorde Asset Management LLC increased its holdings in shares of Franklin BSP Realty Trust by 27.9% in the 3rd quarter. Concorde Asset Management LLC now owns 19,000 shares of the company’s stock valued at $248,000 after acquiring an additional 4,150 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Franklin BSP Realty Trust by 13.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,026,290 shares of the company’s stock valued at $13,403,000 after purchasing an additional 117,745 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Franklin BSP Realty Trust during the third quarter worth approximately $168,000. Moors & Cabot Inc. lifted its position in shares of Franklin BSP Realty Trust by 53.4% during the 3rd quarter. Moors & Cabot Inc. now owns 17,117 shares of the company’s stock worth $224,000 after buying an additional 5,961 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Franklin BSP Realty Trust in the 3rd quarter valued at $460,000. 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 has a market cap of $1.07 billion, a P/E ratio of 15.98 and a beta of 1.41. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.99 and a twelve month high of $14.66. The stock has a 50 day moving average of $13.04 and a two-hundred day moving average of $12.99. The company has a current ratio of 90.45, a quick ratio of 90.45 and a debt-to-equity ratio of 3.67.

Franklin BSP Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were given 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 10.84%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 173.17%.

Analyst Upgrades and Downgrades

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

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).