The New York State Common Retirement Fund increased its stock position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Rating) by 45.3% in the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission . Institutional investors owned 28,664 shares in the company after acquiring a further 8,942 shares during the period. The New York State Common Retirement Fund owned approximately 0.07% of Franklin BSP Realty Trust worth $401,000 as of a recent Securities and Exchange Commission filing.
Several other institutional investors and hedge funds have also recently changed positions in the company. Paradice Investment Management LLC purchased new shares of Franklin BSP Realty Trust in the fourth quarter for approximately $20,613,000. Northern Trust Corporation purchased shares of Franklin BSP Realty Trust in the fourth quarter for approximately $6,092,000. Principal Financial Group purchased a new position in Franklin BSP Realty Trust shares for his $4,374,000 in the fourth quarter. HBK Investments LP purchased shares of Franklin BSP Realty Trust for his $3,471,000 in the fourth quarter. Finally, Centiva Capital LP purchased a new position in Franklin BSP Realty Trust shares for his $2,259,000 in the fourth quarter. An institutional investor owns his 54.52% of the company’s shares.
Franklin BSP real estate trust deals drop 2.1%
Shares of Franklin BSP Realty Trust opened at $14.25 on Friday. The company has a 50-day simple moving average of $14.52 and a 200-day simple moving average of $14.06. The stock has a market cap of $1.19 billion, a PE ratio of -4.66 and a beta of 1.32. Franklin BSP Realty Trust, Inc. has a one-year low of $12.45 and a one-year high of $17.74. The company has a debt to equity ratio of 3.38, a current ratio of 110.58 and a quick ratio of 110.58.
Franklin BSP Realty Trust Announces Dividend
The company recently announced a quarterly dividend, which was paid out on Monday, July 11th. Investors of record on Thursday, June 30 were paid a dividend of $0.355 per share. This represents his $1.42 dividend and his 9.96% dividend yield on an annual basis. The ex-dividend date for this dividend was Wednesday, June 29. Franklin BSP Realty Trust has a Dividend Payout Ratio (DPR) of -46.41%.
Analyst Rating Change
Separately, JMP Securities downgraded Franklin BSP Realty Trust shares from an “outperform” rating to a “market performer” rating in a research note on Thursday.
Franklin BSP Realty Trust Company Profile
Franklin BSP Realty Trust, Inc., a real estate finance firm, originates, acquires and manages a portfolio of commercial real estate debt secured by real estate in the United States. The company also originates conduit loans. Invested in commercial real estate securities and owned and purchased for investment purposes real estate acquired through foreclosure and deeds in lieu of foreclosure.
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