Russell Investments Group Ltd. Acquires New Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Russell Investments Group Ltd. acquired a new stake in shares of Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,542 shares of the company’s stock, valued at approximately $542,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBRT. California State Teachers Retirement System raised its position in Franklin BSP Realty Trust by 1.7% in the first quarter. California State Teachers Retirement System now owns 47,338 shares of the company’s stock worth $662,000 after acquiring an additional 787 shares during the period. Rhumbline Advisers raised its position in Franklin BSP Realty Trust by 1.0% in the first quarter. Rhumbline Advisers now owns 115,385 shares of the company’s stock worth $1,613,000 after acquiring an additional 1,159 shares during the period. PNC Financial Services Group Inc. raised its position in Franklin BSP Realty Trust by 70.0% in 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. Yousif Capital Management LLC raised its position in Franklin BSP Realty Trust by 4.5% in the first quarter. Yousif Capital Management LLC now owns 39,989 shares of the company’s stock worth $559,000 after acquiring an additional 1,722 shares during the period. Finally, Arizona State Retirement System raised its position in Franklin BSP Realty Trust by 18.0% in the second quarter. Arizona State Retirement System now owns 11,912 shares of the company’s stock worth $161,000 after acquiring an additional 1,813 shares during the period. Institutional investors own 55.40% of the company’s stock.

Insider Transactions at Franklin BSP Realty Trust

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

Analyst Ratings Changes

FBRT has been the topic of several recent research reports. B. Riley initiated coverage on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 28th. They issued a “buy” rating and a $16.00 price target on the stock. JMP Securities cut shares of Franklin BSP Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 18th.

Franklin BSP Realty Trust Stock Performance

Shares of NYSE FBRT opened at $13.09 on Monday. The firm has a fifty day moving average price of $12.34 and a 200-day moving average price of $13.72. The company has a debt-to-equity ratio of 3.38, a current ratio of 110.58 and a quick ratio of 110.58. The stock has a market cap of $1.10 billion, a PE ratio of -4.28 and a beta of 1.45. Franklin BSP Realty Trust, Inc. has a 1 year low of $10.34 and a 1 year high of $17.20.

Franklin BSP Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Friday, September 30th were paid a $0.355 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.85%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently -46.41%.

Franklin BSP Realty Trust Profile

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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.

See Also

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

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