Public Sector Pension Investment Board Acquires 59,525 Shares of Franklin BSP Realty Trust, Inc. $FBRT

Key Points

• The Public Sector Pension Investment Board increased its stake in Franklin BSP Realty Trust by 29.2%, owning 263,437 shares valued at approximately $3.36 million.
• Franklin BSP Realty Trust's recent quarterly dividend was $0.355 per share, resulting in an annualized yield of 12.9% and a payout ratio of 144.90%.
• Currently, the company holds a consensus rating of "Buy" from analysts, with a projected price target of $14.88.

Public Sector Pension Investment Board raised its stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Free Report) by 29.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 263,437 shares of the company's stock after purchasing an additional 59,525 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of Franklin BSP Realty Trust worth $3,356,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Franklin BSP Realty Trust by 0.9% during the 1st quarter. Cetera Investment Advisers now owns 120,972 shares of the company's stock valued at $1,541,000 after purchasing an additional 1,114 shares during the last quarter. Shorepoint Capital Partners LLC boosted its stake in Franklin BSP Realty Trust by 2.8% during the 4th quarter. Shorepoint Capital Partners LLC now owns 51,400 shares of the company's stock valued at $645,000 after purchasing an additional 1,400 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Franklin BSP Realty Trust by 5.8% during the 1st quarter. Apollon Wealth Management LLC now owns 27,237 shares of the company's stock valued at $347,000 after purchasing an additional 1,496 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Franklin BSP Realty Trust by 7.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,594 shares of the company's stock valued at $288,000 after purchasing an additional 1,512 shares during the last quarter. Finally, AlphaCore Capital LLC boosted its stake in Franklin BSP Realty Trust by 22.3% during the 4th quarter. AlphaCore Capital LLC now owns 12,569 shares of the company's stock valued at $162,000 after purchasing an additional 2,288 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company's stock.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock traded up $0.2820 during mid-day trading on Friday, hitting $11.3220. 665,270 shares of the stock were exchanged, compared to its average volume of 653,549. Franklin BSP Realty Trust, Inc. has a 12 month low of $9.79 and a 12 month high of $13.74. The company has a 50-day simple moving average of $10.80 and a 200 day simple moving average of $11.60. The company has a debt-to-equity ratio of 3.21, a quick ratio of 81.24 and a current ratio of 81.24. The company has a market capitalization of $931.57 million, a P/E ratio of 11.55 and a beta of 1.01.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Monday, June 30th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend was Monday, June 30th. Franklin BSP Realty Trust's payout ratio is 144.90%.

Wall Street Analysts Forecast Growth

FBRT has been the topic of several recent analyst reports. Jones Trading dropped their target price on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. JMP Securities reissued a "market outperform" rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $14.88.

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).