New York State Teachers Retirement System Acquires 5,215 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

New York State Teachers Retirement System lifted its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 9.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,510 shares of the company’s stock after purchasing an additional 5,215 shares during the period. New York State Teachers Retirement System’s holdings in Franklin BSP Realty Trust were worth $790,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FBRT. State Street Corp lifted its stake in shares of Franklin BSP Realty Trust by 92.6% in the 2nd quarter. State Street Corp now owns 2,757,859 shares of the company’s stock worth $38,102,000 after purchasing an additional 1,326,061 shares during the period. Neuberger Berman Group LLC bought a new stake in Franklin BSP Realty Trust during the 1st quarter worth approximately $16,702,000. Vanguard Group Inc. raised its stake in Franklin BSP Realty Trust by 28.9% during the 1st quarter. Vanguard Group Inc. now owns 4,624,886 shares of the company’s stock worth $64,655,000 after acquiring an additional 1,036,299 shares during the period. Northern Trust Corp raised its stake in Franklin BSP Realty Trust by 112.7% during the 2nd quarter. Northern Trust Corp now owns 850,705 shares of the company’s stock worth $11,468,000 after acquiring an additional 450,722 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Franklin BSP Realty Trust by 672.2% during the 2nd quarter. Renaissance Technologies LLC now owns 402,300 shares of the company’s stock worth $5,423,000 after acquiring an additional 350,200 shares during the period. Institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Trading Up 1.3 %

Shares of FBRT opened at $12.37 on Friday. The company has a debt-to-equity ratio of 3.15, a current ratio of 83.74 and a quick ratio of 83.74. Franklin BSP Realty Trust, Inc. has a 1 year low of $11.73 and a 1 year high of $14.70. The company has a 50 day simple moving average of $12.83 and a two-hundred day simple moving average of $13.08. The firm has a market cap of $1.02 billion, a P/E ratio of 8.77 and a beta of 1.43.

Franklin BSP Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 11.48%. The ex-dividend date of this dividend was Wednesday, March 27th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 100.71%.

Analyst Ratings Changes

A number of equities research analysts have commented on FBRT shares. BTIG Research decreased their target price on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday. JMP Securities upgraded shares of Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research note on Wednesday, January 10th. Raymond James upgraded shares of Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Friday, April 12th. Finally, Jonestrading decreased their target price on shares of Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, February 16th.

Franklin BSP Realty Trust 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).