California State Teachers Retirement System Has $1.23 Million Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

California State Teachers Retirement System cut its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,308 shares of the company’s stock after selling 2,657 shares during the period. California State Teachers Retirement System owned about 0.13% of Franklin BSP Realty Trust worth $1,232,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Franklin BSP Realty Trust by 2.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 32,944 shares of the company’s stock worth $425,000 after purchasing an additional 716 shares during the period. Financial Management Network Inc. increased its position in shares of Franklin BSP Realty Trust by 0.4% during the fourth quarter. Financial Management Network Inc. now owns 226,072 shares of the company’s stock worth $3,009,000 after acquiring an additional 818 shares in the last quarter. Brookstone Capital Management increased its position in shares of Franklin BSP Realty Trust by 3.3% during the first quarter. Brookstone Capital Management now owns 26,209 shares of the company’s stock worth $328,000 after acquiring an additional 827 shares in the last quarter. Arizona State Retirement System increased its position in shares of Franklin BSP Realty Trust by 3.9% during the fourth quarter. Arizona State Retirement System now owns 23,639 shares of the company’s stock worth $305,000 after acquiring an additional 896 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Franklin BSP Realty Trust by 1.0% during the first quarter. Rhumbline Advisers now owns 115,385 shares of the company’s stock worth $1,613,000 after acquiring an additional 1,159 shares in the last quarter. 59.70% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT opened at $14.14 on Friday. The firm has a 50-day moving average of $13.96 and a 200-day moving average of $13.37. The company has a debt-to-equity ratio of 3.14, a quick ratio of 87.94 and a current ratio of 87.94. The stock has a market cap of $1.16 billion, a PE ratio of 9.96 and a beta of 1.51. Franklin BSP Realty Trust, Inc. has a 52-week low of $10.34 and a 52-week high of $14.92.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 10.04%. The ex-dividend date of this dividend was Thursday, June 29th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 100.00%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FBRT shares. Raymond James increased their price objective on shares of Franklin BSP Realty Trust from $14.50 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Jonestrading reissued a “buy” rating and issued a $16.00 price objective on shares of Franklin BSP Realty Trust in a research report on Wednesday, August 2nd.

Franklin BSP Realty Trust Company Profile

Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP 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).