17,972 Shares in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,972 shares of the company’s stock, valued at approximately $251,000.

A number of other institutional investors also recently modified their holdings of the business. Kenfarb & CO. acquired a new position in shares of Franklin BSP Realty Trust in the 4th quarter valued at $25,000. Atticus Wealth Management LLC acquired a new position in shares of Franklin BSP Realty Trust in the 4th quarter valued at $30,000. Catalyst Capital Advisors LLC acquired a new position in shares of Franklin BSP Realty Trust in the 4th quarter valued at $66,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Franklin BSP Realty Trust in the 4th quarter valued at $82,000. Finally, KBC Group NV acquired a new position in shares of Franklin BSP Realty Trust in the 4th quarter valued at $104,000. 54.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Franklin BSP Realty Trust stock opened at $14.41 on Thursday. The stock has a market capitalization of $1.21 billion, a P/E ratio of -5.72 and a beta of 1.31. The company has a quick ratio of 131.32, a current ratio of 131.32 and a debt-to-equity ratio of 7.73. The company has a 50-day simple moving average of $14.35 and a 200 day simple moving average of $14.19. Franklin BSP Realty Trust, Inc. has a 12-month low of $12.45 and a 12-month high of $17.74.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date is Wednesday, June 29th. Franklin BSP Realty Trust’s dividend payout ratio is currently -56.35%.

A number of brokerages have recently issued reports on FBRT. Jonestrading started 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 for the company. JMP Securities reiterated a “market outperform” rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Thursday, March 10th.

Franklin BSP Realty Trust Company 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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