Oregon Public Employees Retirement Fund increased its position in shares of Franklin BSP Realty Trust, Inc. (NYSE: FBRT – Get a rating) by 34.7% in Q1, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 16,682 shares of the company after acquiring an additional 4,296 shares during the quarter. The Oregon Public Employees Retirement Fund’s holdings in Franklin BSP Realty Trust were worth $233,000 when it was last filed with the Securities & Exchange Commission.
A number of other institutional investors have also recently changed their holdings in the company. Everence Capital Management Inc. acquired a new stake in Franklin BSP Realty Trust in Q1 valued at $251,000. Kenfarb & CO. acquired a new stock position in Franklin BSP Realty Trust during the fourth quarter valued at approximately $25,000. Centiva Capital LP purchased a new equity stake in Franklin BSP Realty Trust during the fourth quarter for a value of approximately $2,259,000. Shorepoint Capital Partners LLC acquired a new stake in shares of Franklin BSP Realty Trust in Q4 for a value of approximately $224,000. Finally, HBK Investments LP bought a new position in Franklin BSP Realty Trust in Q4 valued at around $3,471,000. 54.52% of the shares are held by institutional investors and hedge funds.
Franklin BSP Realty Trust Price Performance
Shares of NYSE: FBRT opened at $14.30 on Monday. The company has a current ratio of 131.32, a quick ratio of 131.32 and a debt ratio of 7.73. The stock has a market capitalization of $1.20 billion, a PE ratio of -5.67 and a beta of 1.29. The stock’s fifty-day simple moving average is $14.38 and its two-hundred-day simple moving average is $13.95. Franklin BSP Realty Trust, Inc. has a 1-year low of $12.45 and a 1-year high of $17.74.
Franklin BSP Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 11. Shareholders of record on Thursday, June 30 received a dividend of $0.355. The ex-dividend date was Wednesday, June 29. This represents an annualized dividend of $1.42 and a dividend yield of 9.93%. Franklin BSP Realty Trust’s dividend payout ratio is currently -56.35%.
Wall Street analysts predict growth
Separately, Jonestrading began covering Franklin BSP Realty Trust in a Friday, April 8 report. They set a “buy” rating and a price target of $17.00 for the company.
Franklin BSP Realty Trust Company Profile
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 is also at the origin of bridging loans; and invests in commercial real estate securities, as well as owns real estate acquired by foreclosure and deed in lieu of foreclosure, and purchased for investment purposes.
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