Franklin BSP Realty Trust, Inc. $FBRT is Gratia Capital LLC's 3rd Largest Position

Key Points

• Gratia Capital trimmed its FBRT stake by 22.4% in the second quarter, selling 509,330 shares but retaining 1.77 million shares worth approximately $14.4 million. Franklin BSP Realty Trust remains Gratia’s third-largest holding, representing 8.7% of its portfolio.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $11.50. Institutional investors own 59.87% of the company, while an insider recently purchased nearly 29,600 shares.
• FBRT reported quarterly EPS of $0.25, slightly exceeding expectations, but revenue of $65.29 million fell short of estimates. The company pays a quarterly dividend of $0.20 per share, equivalent to an annualized yield of about 10%.

Gratia Capital LLC trimmed its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 22.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,769,370 shares of the company's stock after selling 509,330 shares during the quarter. Franklin BSP Realty Trust makes up approximately 8.7% of Gratia Capital LLC's portfolio, making the stock its 3rd biggest holding. Gratia Capital LLC owned approximately 2.13% of Franklin BSP Realty Trust worth $14,403,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FBRT. Independent Financial Group LLC purchased a new stake in Franklin BSP Realty Trust in the 1st quarter worth approximately $1,117,000. Gamco Investors INC. ET AL grew its position in shares of Franklin BSP Realty Trust by 64.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 188,917 shares of the company's stock valued at $1,604,000 after purchasing an additional 73,955 shares in the last quarter. Q Global Advisors LLC grew its position in shares of Franklin BSP Realty Trust by 32.1% during the 1st quarter. Q Global Advisors LLC now owns 398,078 shares of the company's stock valued at $3,380,000 after purchasing an additional 96,723 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Franklin BSP Realty Trust by 25.0% in the first quarter. Jennison Associates LLC now owns 126,193 shares of the company's stock worth $1,071,000 after purchasing an additional 25,262 shares during the period. Finally, Diversify Wealth Management LLC bought a new position in shares of Franklin BSP Realty Trust in the first quarter worth $190,000. 59.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Zacks Research upgraded Franklin BSP Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, July 10th. Weiss Ratings upgraded Franklin BSP Realty Trust from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 30th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $11.00 price objective on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Franklin BSP Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $11.50.

Insider Activity

In other news, Director Buford Ortale acquired 29,597 shares of the business's stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $9.85 per share, for a total transaction of $291,530.45. Following the acquisition, the director owned 28,900 shares of the company's stock, valued at $284,665. This trade represents a -4,246.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company's stock.

Franklin BSP Realty Trust Stock Performance

Franklin BSP Realty Trust stock opened at $7.99 on Thursday. The firm's fifty day moving average price is $8.05 and its 200-day moving average price is $8.51. The company has a debt-to-equity ratio of 3.47, a quick ratio of 96.80 and a current ratio of 96.80. The stock has a market cap of $663.66 million, a P/E ratio of 18.16 and a beta of 0.93. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $11.68.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $65.29 million during the quarter, compared to analyst estimates of $80.98 million. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. On average, equities research analysts expect that Franklin BSP Realty Trust, Inc. will post 0.73 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 10.0%. Franklin BSP Realty Trust's payout ratio is 181.82%.

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.

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