Should You Consider Buying Franklin BSP Realty Trust (FBRT)’s Shares?

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Franklin BSP Realty Trust, Inc. (NYSE: FBRT) and discussed its stance on the firm. Franklin BSP Realty Trust, Inc. is a United States-based real estate investment trust company with a $661.9 million market capitalization. FBRT delivered a -0.54% return since the beginning of the year and it closed at $15.06 per share on January 13, 2022.

Here is what Clark Street Value has to say about Franklin BSP Realty Trust, Inc. in its Q4 2021 investor letter:

“I also only briefly owned Franklin BSP Realty (FBRT) following their reverse merger with Capstead Mortgage Corp (CMO), my math was wrong and the upside was too small in the first place.  FBRT is probably an interesting buy for some income investors, the management team has a good reputation and has managed the REIT well privately, but for me it was too small of a position and I moved on.”

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Our calculations show that Franklin BSP Realty Trust, Inc. (NYSE: FBRT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Franklin BSP Realty Trust, Inc. (NYSE: FBRT) delivered a -1.07% return for the past month.

In December 2021, we also shared another hedge fund’s views on FBRT in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.