Texas Permanent School Fund Has $813,000 Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Texas Permanent School Fund raised its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Rating) by 93.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,324 shares of the company’s stock after acquiring an additional 29,165 shares during the period. Texas Permanent School Fund’s holdings in Franklin BSP Realty Trust were worth $813,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Franklin BSP Realty Trust by 28.9% in the 1st quarter. Vanguard Group Inc. now owns 4,624,886 shares of the company’s stock valued at $64,655,000 after purchasing an additional 1,036,299 shares during the last quarter. State Street Corp increased its stake in shares of Franklin BSP Realty Trust by 10.3% in the 1st quarter. State Street Corp now owns 1,431,798 shares of the company’s stock valued at $20,519,000 after purchasing an additional 134,029 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Franklin BSP Realty Trust in the 1st quarter valued at $16,702,000. Orchard Capital Managment LLC bought a new position in shares of Franklin BSP Realty Trust in the 1st quarter valued at $7,404,000. Finally, Van ECK Associates Corp bought a new position in shares of Franklin BSP Realty Trust in the 2nd quarter valued at $6,560,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. B. Riley assumed coverage on Franklin BSP Realty Trust in a research report on Wednesday, September 28th. They set a “buy” rating and a $16.00 price objective on the stock. JMP Securities downgraded Franklin BSP Realty Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, August 18th.

Franklin BSP Realty Trust Stock Down 0.3 %

Shares of FBRT opened at $14.22 on Monday. The company has a market capitalization of $1.17 billion, a PE ratio of -4.19 and a beta of 1.45. Franklin BSP Realty Trust, Inc. has a 12 month low of $10.34 and a 12 month high of $16.79. The stock’s 50-day moving average price is $12.60 and its two-hundred day moving average price is $13.76. The company has a current ratio of 58.30, a quick ratio of 58.30 and a debt-to-equity ratio of 3.32.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 11th. Shareholders of record on Friday, September 30th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 9.99%. The ex-dividend date of this dividend was Thursday, September 29th. Franklin BSP Realty Trust’s payout ratio is presently -41.89%.

Insiders Place Their Bets

In related news, Director Buford H. Ortale bought 3,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average cost of $11.77 per share, with a total value of $35,310.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $35,310. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Franklin BSP Realty Trust news, Director Buford H. Ortale acquired 3,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were bought at an average cost of $11.77 per share, with a total value of $35,310.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at $35,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Buford H. Ortale acquired 3,700 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was acquired at an average cost of $19.82 per share, for a total transaction of $73,334.00. Following the completion of the purchase, the director now directly owns 3,700 shares in the company, valued at $73,334. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Franklin BSP Realty Trust (NYSE:FBRT)

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