Buford H. Ortale Purchases 3,700 Shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Stock

Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Rating) Director Buford H. Ortale acquired 3,700 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were purchased at an average cost of $19.82 per share, for a total transaction of $73,334.00. Following the completion of the acquisition, the director now directly owns 3,700 shares in the company, valued at $73,334. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Franklin BSP Realty Trust Stock Performance

Shares of NYSE:FBRT opened at $12.35 on Friday. The company has a current ratio of 110.58, a quick ratio of 110.58 and a debt-to-equity ratio of 3.38. Franklin BSP Realty Trust, Inc. has a 12 month low of $12.01 and a 12 month high of $17.74. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -4.04 and a beta of 1.35. The firm’s 50-day moving average is $14.27 and its 200 day moving average is $14.04.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Thursday, June 30th were issued a $0.355 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.42 annualized dividend and a dividend yield of 11.50%. Franklin BSP Realty Trust’s payout ratio is -46.41%.

Hedge Funds Weigh In On Franklin BSP Realty Trust

A number of large investors have recently bought and sold shares of the business. Kenfarb & CO. purchased a new stake in shares of Franklin BSP Realty Trust during the fourth quarter valued at $25,000. ACG Wealth purchased a new stake in Franklin BSP Realty Trust in the 2nd quarter valued at about $29,000. CoreCap Advisors LLC bought a new position in Franklin BSP Realty Trust in the 2nd quarter worth about $30,000. PNC Financial Services Group Inc. increased its position in shares of Franklin BSP Realty Trust by 70.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company’s stock worth $39,000 after acquiring an additional 1,186 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Franklin BSP Realty Trust in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities downgraded Franklin BSP Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 18th.

About Franklin BSP Realty Trust

(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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