Exchange Traded Concepts LLC Acquires New Stake in Franklin BSP Realty Trust, Inc. $FBRT

Exchange Traded Concepts LLC bought a new position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 69,179 shares of the company’s stock, valued at approximately $751,000. Exchange Traded Concepts LLC owned approximately 0.08% of Franklin BSP Realty Trust at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC lifted its position in shares of Franklin BSP Realty Trust by 9.7% during the first quarter. Coppell Advisory Solutions LLC now owns 12,860 shares of the company’s stock worth $149,000 after purchasing an additional 1,138 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Franklin BSP Realty Trust by 6.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,108 shares of the company’s stock worth $226,000 after buying an additional 1,229 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in Franklin BSP Realty Trust by 7.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 17,766 shares of the company’s stock worth $190,000 after buying an additional 1,259 shares during the period. CWM LLC lifted its holdings in 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 in the last quarter. Finally, Royal Bank of Canada boosted its position in Franklin BSP Realty Trust by 3.6% in the 1st quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock valued at $502,000 after buying an additional 1,378 shares during the period. 59.87% of the stock is owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Trading Down 1.0%

NYSE:FBRT opened at $10.35 on Tuesday. Franklin BSP Realty Trust, Inc. has a 12-month low of $9.71 and a 12-month high of $13.58. The company has a current ratio of 67.81, a quick ratio of 67.81 and a debt-to-equity ratio of 3.32. The stock’s 50 day simple moving average is $10.36 and its 200-day simple moving average is $10.75. The firm has a market cap of $844.34 million, a P/E ratio of 12.93 and a beta of 1.00.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 177.50%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $14.00.

Franklin BSP Realty Trust Profile

Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.