Fairscale Capital LLC Makes New Investment in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Fairscale Capital LLC purchased a new stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 3,111 shares of the company’s stock, valued at approximately $41,000.

Several other hedge funds have also recently modified their holdings of the business. Kathleen S. Wright Associates Inc. bought a new position in Franklin BSP Realty Trust in the first quarter worth approximately $46,000. Your Advocates Ltd. LLP bought a new stake in Franklin BSP Realty Trust during the second quarter valued at about $76,000. SG Americas Securities LLC purchased a new position in Franklin BSP Realty Trust in the first quarter valued at about $136,000. Sollinda Capital Management LLC bought a new position in Franklin BSP Realty Trust in the fourth quarter worth about $176,000. Finally, Concorde Asset Management LLC purchased a new stake in shares of Franklin BSP Realty Trust during the second quarter valued at about $187,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FBRT has been the topic of a number of analyst reports. Raymond James lifted their price objective on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a research report on Thursday. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a report on Thursday, June 27th. Finally, BTIG Research reiterated a “buy” rating and set a $16.00 price objective on shares of Franklin BSP Realty Trust in a report on Friday, July 19th.

Franklin BSP Realty Trust Stock Performance

FBRT opened at $13.55 on Monday. The firm has a 50 day moving average of $13.19 and a two-hundred day moving average of $12.94. The firm has a market capitalization of $1.11 billion, a PE ratio of 10.27 and a beta of 1.42. The company has a current ratio of 89.36, a quick ratio of 89.36 and a debt-to-equity ratio of 3.54. Franklin BSP Realty Trust, Inc. has a 12-month low of $11.99 and a 12-month high of $14.66.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 10.48%. The ex-dividend date is Monday, September 30th. Franklin BSP Realty Trust’s payout ratio is 107.58%.

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).