Northwestern Mutual Wealth Management Co. Boosts Stock Position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Northwestern Mutual Wealth Management Co. lifted its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Rating) by 6,717.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,386 shares of the company’s stock after buying an additional 8,263 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Franklin BSP Realty Trust were worth $113,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ACG Wealth purchased a new stake in Franklin BSP Realty Trust during the 2nd quarter worth about $29,000. PNC Financial Services Group Inc. increased its holdings in Franklin BSP Realty Trust by 70.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company’s stock worth $39,000 after purchasing an additional 1,186 shares during the period. Quantbot Technologies LP purchased a new stake in Franklin BSP Realty Trust during the 1st quarter worth about $40,000. Gradient Investments LLC increased its holdings in Franklin BSP Realty Trust by 1,311.8% during the 2nd quarter. Gradient Investments LLC now owns 3,600 shares of the company’s stock worth $49,000 after purchasing an additional 3,345 shares during the period. Finally, Selective Wealth Management Inc. increased its holdings in Franklin BSP Realty Trust by 480.7% during the 2nd quarter. Selective Wealth Management Inc. now owns 4,959 shares of the company’s stock worth $67,000 after purchasing an additional 4,105 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Insider Activity at Franklin BSP Realty Trust

In other news, Director Buford H. Ortale bought 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average cost of $19.82 per share, with a total value of $73,334.00. Following the transaction, 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 SEC, which is accessible through the SEC website. In other news, Director Buford H. Ortale bought 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average cost of $19.82 per share, with a total value of $73,334.00. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, Director Buford H. Ortale bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average cost of $11.77 per share, with a total value of $35,310.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at $35,310. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Franklin BSP Realty Trust Trading Up 0.5 %

NYSE:FBRT opened at $14.45 on Friday. The stock has a 50-day simple moving average of $12.41 and a 200-day simple moving average of $13.74. The stock has a market cap of $1.21 billion, a P/E ratio of -4.26 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 $17.17. The company has a debt-to-equity ratio of 3.38, a quick ratio of 110.58 and a current ratio of 110.58.

Franklin BSP Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 11th. Investors of record on Friday, September 30th were given 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 9.83%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently -41.89%.

Analyst Ratings Changes

Several brokerages have weighed in on FBRT. JMP Securities downgraded Franklin BSP Realty Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, August 18th. B. Riley started 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 for the company.

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

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