Louisiana State Employees Retirement System Has $517,000 Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Louisiana State Employees Retirement System reduced its holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,600 shares of the company’s stock after selling 1,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Franklin BSP Realty Trust were worth $517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Franklin BSP Realty Trust during the second quarter worth about $41,000. Your Advocates Ltd. LLP acquired a new stake in Franklin BSP Realty Trust during the second quarter worth about $76,000. SG Americas Securities LLC acquired a new stake in Franklin BSP Realty Trust during the first quarter worth about $136,000. Concorde Asset Management LLC acquired a new stake in Franklin BSP Realty Trust during the second quarter worth about $187,000. Finally, Marble Harbor Investment Counsel LLC acquired a new stake in Franklin BSP Realty Trust during the second quarter worth about $189,000. 59.87% of the stock is owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Stock Up 0.2 %

NYSE FBRT opened at $12.97 on Wednesday. The company has a current ratio of 89.36, a quick ratio of 89.36 and a debt-to-equity ratio of 3.54. The stock’s 50 day moving average is $13.11 and its two-hundred day moving average is $12.97. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.82 and a beta of 1.41. Franklin BSP Realty Trust, Inc. has a 1-year low of $11.99 and a 1-year high of $14.66.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.95%. The ex-dividend date was Monday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 173.17%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FBRT shares. BTIG Research reaffirmed a “buy” rating and set a $16.00 price objective on shares of Franklin BSP Realty Trust in a report on Friday, July 19th. Raymond James lifted their price objective on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a report on Thursday, September 19th.

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).