Jenkins Wealth purchased a new position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,931 shares of the company's stock, valued at approximately $154,000.
→ Fed's Shocking New Plan to Control Your Money (From Weiss Ratings)
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in Franklin BSP Realty Trust in the second quarter worth approximately $30,000. Cullen Frost Bankers Inc. bought a new position in Franklin BSP Realty Trust in the third quarter worth approximately $29,000. PNC Financial Services Group Inc. boosted its holdings in Franklin BSP Realty Trust by 70.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company's stock worth $39,000 after acquiring an additional 1,186 shares in the last quarter. Quantbot Technologies LP bought a new position in Franklin BSP Realty Trust in the first quarter worth approximately $40,000. Finally, Captrust Financial Advisors bought a new position in Franklin BSP Realty Trust in the second quarter worth approximately $68,000. Institutional investors own 57.41% of the company's stock.
Shares of NYSE:FBRT opened at $11.57 on Friday. The business's 50 day simple moving average is $13.80 and its two-hundred day simple moving average is $13.33. The company has a current ratio of 82.63, a quick ratio of 58.30 and a debt-to-equity ratio of 3.37. Franklin BSP Realty Trust, Inc. has a 52-week low of $10.34 and a 52-week high of $16.20.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Friday, December 30th were issued a $0.355 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.42 annualized dividend and a yield of 12.27%. Franklin BSP Realty Trust's payout ratio is currently -171.08%.
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Franklin BSP Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franklin BSP Realty Trust wasn't on the list.
While Franklin BSP Realty Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.