Illinois Municipal Retirement Fund Has $643,000 Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Illinois Municipal Retirement Fund lessened its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 47,579 shares of the company’s stock after selling 1,137 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Franklin BSP Realty Trust worth $643,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Franklin BSP Realty Trust by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 658,301 shares of the company’s stock valued at $8,716,000 after buying an additional 25,636 shares during the last quarter. Strong Tower Advisory Services boosted its position in shares of Franklin BSP Realty Trust by 5.2% during the fourth quarter. Strong Tower Advisory Services now owns 639,870 shares of the company’s stock valued at $8,645,000 after buying an additional 31,706 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Franklin BSP Realty Trust by 1.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 551,784 shares of the company’s stock valued at $7,306,000 after buying an additional 10,397 shares during the last quarter. Invesco Ltd. boosted its position in shares of Franklin BSP Realty Trust by 1.3% during the third quarter. Invesco Ltd. now owns 530,010 shares of the company’s stock valued at $7,017,000 after buying an additional 6,994 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Franklin BSP Realty Trust by 6.5% during the third quarter. Van ECK Associates Corp now owns 483,802 shares of the company’s stock valued at $6,406,000 after buying an additional 29,349 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 opened at $12.70 on Tuesday. The business’s fifty day simple moving average is $12.83 and its 200 day simple moving average is $13.06. The firm has a market capitalization of $1.04 billion, a P/E ratio of 9.01 and a beta of 1.43. Franklin BSP Realty Trust, Inc. has a 12 month low of $11.73 and a 12 month high of $14.70. The company has a current ratio of 83.74, a quick ratio of 83.74 and a debt-to-equity ratio of 3.15.

Franklin BSP Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.18%. Franklin BSP Realty Trust’s dividend payout ratio is presently 100.71%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FBRT shares. Raymond James raised Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Friday, April 12th. BTIG Research dropped their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Jonestrading dropped their price target on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Finally, JMP Securities upgraded Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a report on Wednesday, January 10th.

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).