Vanguard Group Inc. Trims Holdings in Franklin BSP Realty Trust, Inc. $FBRT

Vanguard Group Inc. decreased its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,795,661 shares of the company’s stock after selling 104,183 shares during the quarter. Vanguard Group Inc. owned 10.69% of Franklin BSP Realty Trust worth $95,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bailard Inc. purchased a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter valued at $576,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Franklin BSP Realty Trust by 292.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 61,510 shares of the company’s stock worth $658,000 after purchasing an additional 45,832 shares during the last quarter. RPS Advisory Solutions LLC lifted its position in Franklin BSP Realty Trust by 111.5% during the second quarter. RPS Advisory Solutions LLC now owns 166,615 shares of the company’s stock valued at $1,781,000 after purchasing an additional 87,853 shares during the period. Gratia Capital LLC boosted its holdings in Franklin BSP Realty Trust by 42.1% in the second quarter. Gratia Capital LLC now owns 817,837 shares of the company’s stock valued at $8,743,000 after purchasing an additional 242,395 shares during the last quarter. Finally, Condor Capital Management boosted its holdings in Franklin BSP Realty Trust by 30.4% in the second quarter. Condor Capital Management now owns 432,529 shares of the company’s stock valued at $4,624,000 after purchasing an additional 100,961 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FBRT shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Franklin BSP Realty Trust in a report on Thursday, January 22nd. Wall Street Zen cut Franklin BSP Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Zacks Research raised Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Finally, JonesTrading lowered their price objective on Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Franklin BSP Realty Trust Price Performance

Shares of Franklin BSP Realty Trust stock opened at $9.47 on Friday. The firm has a market cap of $766.75 million, a PE ratio of 14.80 and a beta of 0.99. Franklin BSP Realty Trust, Inc. has a twelve month low of $8.42 and a twelve month high of $13.56. The company has a quick ratio of 70.78, a current ratio of 70.78 and a debt-to-equity ratio of 3.33. The business has a 50-day moving average price of $9.83 and a 200 day moving average price of $10.43.

Franklin BSP Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be given a $0.20 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.4%. Franklin BSP Realty Trust’s payout ratio is 125.00%.

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.