Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Sees Large Drop in Short Interest

February 17, 2023

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Rating) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 2,820,000 shares, a decline of 8.4% from the January 15th total of 3,080,000 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 264,600 shares, the short-interest ratio is presently 10.7 days.

Institutional Inflows and Outflows

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Franklin BSP Realty Trust by 5.0% during the third quarter. Vanguard Group Inc. now owns 9,201,330 shares of the company's stock worth $99,098,000 after purchasing an additional 437,062 shares during the last quarter. State Street Corp grew its position in shares of Franklin BSP Realty Trust by 7.5% in the third quarter. State Street Corp now owns 2,963,944 shares of the company's stock valued at $32,973,000 after purchasing an additional 206,085 shares during the period. Franklin Resources Inc. grew its position in shares of Franklin BSP Realty Trust by 333.8% in the second quarter. Franklin Resources Inc. now owns 2,188,616 shares of the company's stock valued at $29,503,000 after purchasing an additional 1,684,063 shares during the period. Cliffwater LLC purchased a new stake in shares of Franklin BSP Realty Trust in the fourth quarter valued at $24,381,000. Finally, Geode Capital Management LLC grew its position in shares of Franklin BSP Realty Trust by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,526,153 shares of the company's stock valued at $19,687,000 after purchasing an additional 19,632 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Franklin BSP Realty Trust Price Performance

Shares of FBRT opened at $14.60 on Friday. Franklin BSP Realty Trust has a 1-year low of $10.34 and a 1-year high of $16.20. The stock has a market cap of $1.20 billion, a PE ratio of -4.31 and a beta of 1.49. The company has a debt-to-equity ratio of 3.32, a current ratio of 58.30 and a quick ratio of 58.30. The firm has a fifty day moving average price of $13.90 and a 200 day moving average price of $13.55.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Friday, December 30th were paid a $0.355 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.42 annualized dividend and a dividend yield of 9.73%. Franklin BSP Realty Trust's dividend payout ratio (DPR) is currently -41.89%.

Franklin BSP Realty Trust Company Profile

(Get Rating)

Capstead Mortgage Corporation (Capstead) operates as a self-managed real estate investment trust (REIT). Capstead 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).

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