Louisiana State Employees Retirement System purchased a new stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 40,000 shares of the company's stock, valued at approximately $431,000.

A number of other hedge funds also recently made changes to their positions in FBRT. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Franklin BSP Realty Trust during the first quarter valued at approximately $680,000. Bank of New York Mellon Corp raised its holdings in shares of Franklin BSP Realty Trust by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 374,100 shares of the company's stock valued at $5,231,000 after buying an additional 10,905 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Franklin BSP Realty Trust by 70.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company's stock valued at $39,000 after buying an additional 1,186 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Franklin BSP Realty Trust during the first quarter valued at approximately $851,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Franklin BSP Realty Trust by 49.8% during the first quarter. MetLife Investment Management LLC now owns 21,555 shares of the company's stock valued at $301,000 after buying an additional 7,167 shares during the last quarter. Institutional investors own 57.41% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley began coverage on Franklin BSP Realty Trust in a report on Wednesday, September 28th. They set a "buy" rating and a $16.00 target price on the stock.

Franklin BSP Realty Trust Price Performance

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Investors of record on Friday, December 30th will be issued a dividend of $0.355 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.42 annualized dividend and a yield of 10.49%. Franklin BSP Realty Trust's payout ratio is -41.89%.

Franklin BSP Realty Trust Profile

(Get Rating)

Franklin BSP Realty Trust, Inc, a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt secured by properties located in the United States. The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment.

Read More

• Get a free copy of the StockNews.com research report on Franklin BSP Realty Trust (FBRT)
• Mobileye Expects $17.5 Billion Future For Its Driver Assist Tech
• Is Salesforce's New Rally The Beginning Of A Big Uptrend?
• Can Lockheed Martin Corporation Hit Another All-Time High in Q1?
• Marathon Digital Holdings, Inc: Slow And Steady Wins The Race
• The WD-40 Company Is Ready To Rebound, But Will It?

Want to see what other hedge funds are holding FBRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Rating).

Receive News & Ratings for Franklin BSP Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin BSP Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.