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Arizona State Retirement System Invests $141,000 in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

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Arizona State Retirement System bought a new position in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Rating) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,099 shares of the company’s stock, valued at approximately $141,000.

Other hedge funds also recently made changes to their positions in the company. Kenfarb & CO. bought a new position in Franklin BSP Realty Trust in the fourth quarter valued at approximately $25,000. Kalos Management Inc. increased its stake in Franklin BSP Realty Trust by 6.0% in the fourth quarter. Kalos Management Inc. now owns 48,310 shares of the company’s stock valued at $813,000 after acquiring an additional 2,734 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Franklin BSP Realty Trust by 34.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 16,682 shares of the company’s stock valued at $233,000 after acquiring an additional 4,296 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Franklin BSP Realty Trust in the fourth quarter valued at approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Franklin BSP Realty Trust in the fourth quarter valued at approximately $82,000. 54.52% of the stock is owned by institutional investors.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock opened at $15.02 on Friday. Franklin BSP Realty Trust, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $17.74. The company has a debt-to-equity ratio of 3.38, a current ratio of 105.68 and a quick ratio of 131.32. The firm has a market capitalization of $1.26 billion, a P/E ratio of -4.91 and a beta of 1.32. The company’s 50 day moving average price is $14.55 and its two-hundred day moving average price is $13.97.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Thursday, June 30th were given a $0.355 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.42 dividend on an annualized basis and a yield of 9.45%. Franklin BSP Realty Trust’s dividend payout ratio is currently -46.41%.

Wall Street Analyst Weigh In

Separately, Jonestrading initiated coverage on shares of Franklin BSP Realty Trust in a research note on Friday, April 8th. They issued a “buy” rating and a $17.00 price objective on the stock.

Franklin BSP Realty Trust Profile

(Get Rating)

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 also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment.

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