Condor Capital Management Purchases 111,813 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Condor Capital Management grew its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 58.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 302,192 shares of the company's stock after purchasing an additional 111,813 shares during the period. Condor Capital Management owned about 0.37% of Franklin BSP Realty Trust worth $3,789,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. KBC Group NV raised its holdings in Franklin BSP Realty Trust by 51.6% during the third quarter. KBC Group NV now owns 4,664 shares of the company's stock worth $61,000 after acquiring an additional 1,588 shares in the last quarter. Quest Partners LLC raised its stake in shares of Franklin BSP Realty Trust by 3,544,900.0% during the 3rd quarter. Quest Partners LLC now owns 35,450 shares of the company's stock worth $463,000 after purchasing an additional 35,449 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Franklin BSP Realty Trust in the 3rd quarter valued at approximately $460,000. Moors & Cabot Inc. boosted its holdings in shares of Franklin BSP Realty Trust by 53.4% in the 3rd quarter. Moors & Cabot Inc. now owns 17,117 shares of the company's stock valued at $224,000 after buying an additional 5,961 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Franklin BSP Realty Trust in the third quarter valued at $168,000. Institutional investors own 59.87% of the company's stock.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock traded up $0.09 on Monday, hitting $13.10. The stock had a trading volume of 271,894 shares, compared to its average volume of 332,890. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 15.79 and a beta of 1.37. The business's 50 day moving average is $12.98 and its two-hundred day moving average is $12.96. The company has a quick ratio of 90.45, a current ratio of 84.89 and a debt-to-equity ratio of 3.42. Franklin BSP Realty Trust, Inc. has a twelve month low of $11.96 and a twelve month high of $14.12.

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Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $55.95 million for the quarter, compared to analyst estimates of $49.28 million. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. Analysts forecast that Franklin BSP Realty Trust, Inc. will post 1.41 EPS for the current year.

Franklin BSP Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.84%. Franklin BSP Realty Trust's payout ratio is presently 171.08%.

Wall Street Analyst Weigh In

FBRT has been the subject of a number of analyst reports. Citigroup reissued an "outperform" rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Jones Trading reissued a "buy" rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. B. Riley raised Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a "buy" rating and a $16.00 target price on the stock. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $15.50.

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).