Newbridge Financial Services Group Inc. Has $999,000 Stock Holdings in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Newbridge Financial Services Group Inc. boosted its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Rating) by 11,146.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,117 shares of the company’s stock after buying an additional 73,458 shares during the quarter. Franklin BSP Realty Trust makes up about 0.6% of Newbridge Financial Services Group Inc.’s portfolio, making the stock its 22nd biggest position. Newbridge Financial Services Group Inc. owned about 0.09% of Franklin BSP Realty Trust worth $999,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in Franklin BSP Realty Trust by 34.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,682 shares of the company’s stock valued at $233,000 after acquiring an additional 4,296 shares during the period. New York State Common Retirement Fund grew its holdings in Franklin BSP Realty Trust by 45.3% in the 1st quarter. New York State Common Retirement Fund now owns 28,664 shares of the company’s stock valued at $401,000 after buying an additional 8,942 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Franklin BSP Realty Trust during the 4th quarter worth $385,000. Arizona State Retirement System acquired a new stake in shares of Franklin BSP Realty Trust during the first quarter worth $141,000. Finally, Ignite Planners LLC bought a new stake in shares of Franklin BSP Realty Trust in the first quarter valued at about $437,000. 55.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, 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 Price Performance

Shares of FBRT stock traded down $0.27 on Friday, hitting $11.77. 7,686 shares of the company’s stock were exchanged, compared to its average volume of 445,947. The company has a debt-to-equity ratio of 3.38, a current ratio of 110.58 and a quick ratio of 110.58. Franklin BSP Realty Trust, Inc. has a 12 month low of $11.59 and a 12 month high of $17.74. The stock has a market cap of $986.09 million, a P/E ratio of -3.89 and a beta of 1.35. The company has a 50 day moving average of $14.03 and a 200 day moving average of $14.00.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Investors of record on Friday, September 30th will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.42 annualized dividend and a dividend yield of 12.06%. Franklin BSP Realty Trust’s dividend payout ratio is currently -46.41%.

Insider Buying and Selling

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

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.

Read More

Want to see what other hedge funds are holding FBRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Rating).

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

Receive News & Ratings for Franklin BSP Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin BSP Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.