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.
Get Franklin BSP Realty Trust alerts: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
Shares of NYSE:FBRT opened at $13.54 on Wednesday. Franklin BSP Realty Trust, Inc. has a 12 month low of $10.34 and a 12 month high of $16.20. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -3.99 and a beta of 1.44. The stock's 50 day moving average price is $13.84 and its 200 day moving average price is $13.56. The company has a debt-to-equity ratio of 3.32, a current ratio of 58.30 and a quick ratio of 58.30.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
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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.
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- Get a free copy of the StockNews.com research report on Franklin BSP Realty Trust (FBRT)
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