Y Intercept Hong Kong Ltd Raises Stake in Franklin BSP Realty Trust, Inc. $FBRT

Y Intercept Hong Kong Ltd grew its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 292.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,510 shares of the company’s stock after purchasing an additional 45,832 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.07% of Franklin BSP Realty Trust worth $658,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. AlphaQuest LLC boosted its position in shares of Franklin BSP Realty Trust by 277.8% during the 2nd quarter. AlphaQuest LLC now owns 9,600 shares of the company’s stock worth $103,000 after purchasing an additional 7,059 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Franklin BSP Realty Trust by 13.3% during the 2nd quarter. Brookstone Capital Management now owns 13,841 shares of the company’s stock worth $148,000 after purchasing an additional 1,628 shares in the last quarter. Naviter Wealth LLC acquired a new position in shares of Franklin BSP Realty Trust during the 2nd quarter worth $132,000. CWM LLC raised its stake in shares of Franklin BSP Realty Trust by 126.7% during the 2nd quarter. CWM LLC now owns 2,428 shares of the company’s stock worth $26,000 after buying an additional 1,357 shares during the last quarter. Finally, Strong Tower Advisory Services raised its stake in shares of Franklin BSP Realty Trust by 4.7% during the 2nd quarter. Strong Tower Advisory Services now owns 1,408,626 shares of the company’s stock worth $15,058,000 after buying an additional 63,138 shares during the last quarter. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Trading Up 1.3%

Shares of FBRT stock opened at $10.28 on Thursday. The firm has a 50-day moving average price of $11.00 and a 200 day moving average price of $11.00. Franklin BSP Realty Trust, Inc. has a twelve month low of $9.79 and a twelve month high of $13.58. The company has a market capitalization of $845.79 million, a price-to-earnings ratio of 12.85 and a beta of 1.03. The company has a current ratio of 81.24, a quick ratio of 81.24 and a debt-to-equity ratio of 3.21.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 13.8%. Franklin BSP Realty Trust’s dividend payout ratio is currently 177.50%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FBRT. Jones Trading cut their price target on Franklin BSP Realty Trust from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $14.67.

Franklin BSP Realty Trust Company 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).