Gamco Investors INC. ET AL Has $1.60 Million Stock Holdings in Franklin BSP Realty Trust, Inc. $FBRT

Gamco Investors INC. ET AL increased its position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 64.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,917 shares of the company’s stock after acquiring an additional 73,955 shares during the period. Gamco Investors INC. ET AL’s holdings in Franklin BSP Realty Trust were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Arlington Trust Co LLC purchased a new position in Franklin BSP Realty Trust in the fourth quarter valued at about $40,000. Assetmark Inc. acquired a new position in Franklin BSP Realty Trust in the 4th quarter worth about $40,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Franklin BSP Realty Trust during the 4th quarter worth about $44,000. Danske Bank A S acquired a new stake in shares of Franklin BSP Realty Trust during the 3rd quarter valued at about $45,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Franklin BSP Realty Trust by 96.3% during the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the company’s stock valued at $46,000 after buying an additional 2,684 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

Insider Buying and Selling

In other news, Director Buford H. Ortale purchased 29,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $9.85 per share, with a total value of $291,530.45. Following the completion of the transaction, the director directly owned 28,900 shares in the company, valued at $284,665. This trade represents a -4,246.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $7.75 on Wednesday. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $7.57 and a fifty-two week high of $11.84. The stock’s 50-day moving average is $8.22 and its two-hundred day moving average is $8.91. The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06. The firm has a market cap of $596.13 million, a P/E ratio of 15.19 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). The company had revenue of $74.38 million for the quarter, compared to the consensus estimate of $73.09 million. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%. On average, analysts anticipate that Franklin BSP Realty Trust, Inc. will post 0.72 earnings per share for the current fiscal year.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 10.3%. Franklin BSP Realty Trust’s dividend payout ratio is presently 156.86%.

Wall Street Analyst Weigh In

A number of research firms recently commented on FBRT. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Weiss Ratings cut shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $11.00 target price on shares of Franklin BSP Realty Trust in a research report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Franklin BSP Realty Trust currently has an average rating of “Hold” and an average target price of $11.50.

About Franklin BSP Realty Trust

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.