Teacher Retirement System of Texas Takes Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Teacher Retirement System of Texas purchased a new stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,965 shares of the company’s stock, valued at approximately $152,000.

A number of other large investors have also made changes to their positions in FBRT. GraniteShares Advisors LLC boosted its stake in shares of Franklin BSP Realty Trust by 6.4% during the 1st quarter. GraniteShares Advisors LLC now owns 210,118 shares of the company’s stock worth $2,677,000 after purchasing an additional 12,730 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Franklin BSP Realty Trust by 149.8% during the 1st quarter. SG Americas Securities LLC now owns 28,293 shares of the company’s stock worth $360,000 after purchasing an additional 16,969 shares during the last quarter. Strong Tower Advisory Services boosted its stake in shares of Franklin BSP Realty Trust by 16.3% during the 1st quarter. Strong Tower Advisory Services now owns 1,345,488 shares of the company’s stock worth $17,142,000 after purchasing an additional 188,377 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Franklin BSP Realty Trust by 1,683.5% during the 1st quarter. GAMMA Investing LLC now owns 4,637 shares of the company’s stock worth $59,000 after purchasing an additional 4,377 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Franklin BSP Realty Trust during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT opened at $10.47 on Monday. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $14.12. The firm’s 50-day simple moving average is $10.98 and its 200 day simple moving average is $11.92. The company has a quick ratio of 77.38, a current ratio of 77.38 and a debt-to-equity ratio of 3.19. The stock has a market cap of $860.74 million, a P/E ratio of 15.40 and a beta of 1.04.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 30th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 13.56%. The ex-dividend date was Monday, June 30th. Franklin BSP Realty Trust’s payout ratio is 208.82%.

Analyst Upgrades and Downgrades

FBRT has been the topic of several research analyst reports. Jones Trading 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 report on Tuesday, April 29th. JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a report on Tuesday, April 29th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $15.13.

About Franklin BSP Realty Trust

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).