Franklin BSP Realty Trust (NYSE:FBRT) trades up 4.7% on insider buying activity

Franklin BSP Realty Trust, Inc. (NYSE: FBRT – Get a rating) shares jumped 4.7% during Monday’s midday session on the back of insider buying activity. The stock traded as high as $12.33 and last traded at $12.29. 1,342 shares were traded during trading, down 100% from the average session volume of 729,166 shares. The stock previously closed at $11.74. Specifically, Director Buford H. Ortale purchased 3,700 shares of Franklin BSP Realty Trust in a trade on Wednesday, September 7. The shares were purchased at an average cost of $19.82 per share, for a total transaction of $73,334.00. Following the acquisition, the administrator now owns 3,700 shares of the company, valued at $73,334. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. In other news, Director Buford H. Ortale purchased 3,700 shares of Franklin BSP Realty Trust in a trade on Wednesday, September 7. The shares were purchased at an average cost of $19.82 per share, for a total transaction of $73,334.00. Following the acquisition, the administrator now owns 3,700 shares of the company, valued at $73,334. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Additionally, Director Buford H. Ortale purchased 3,000 shares of Franklin BSP Realty Trust in a trade on Thursday, September 15. The shares were purchased at an average price of $11.77 per share, for a total transaction of $35,310.00. Following the completion of the acquisition, the administrator now owns 3,000 shares of the company, valued at approximately $35,310. Disclosure of this purchase can be found here. 0.33% of the shares are held by insiders.

A Wall Street analyst gives his opinion

Separately, JMP Securities downgraded shares of Franklin BSP Realty Trust from an “outperforming” rating to a “market performing” rating in a Thursday, August 18, report.

Franklin BSP Realty Trust Stock Performance

The company has a current ratio of 110.58, a quick ratio of 110.58 and a debt ratio of 3.38. The company’s fifty-day moving average price is $14.14 and its two-hundred-day moving average price is $14.03.

Franklin BSP Realty Trust Institutional Trading

Institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Franklin BSP Realty Trust by 34.7% during the 1st quarter. The Oregon Public Employees Retirement Fund now owns 16,682 shares of the company worth $233,000 after buying 4,296 more shares last quarter. The New York State Common Retirement Fund increased its position in Franklin BSP Realty Trust by 45.3% in the first quarter. The New York State Common Retirement Fund now owns 28,664 shares of the company valued at $401,000 after acquiring 8,942 additional shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Franklin BSP Realty Trust in the fourth quarter worth approximately $385,000. Arizona State Retirement System acquired a new stake in Franklin BSP Realty Trust in the first quarter worth approximately $141,000. Finally, HBK Investments LP acquired a new stake in Franklin BSP Realty Trust in the fourth quarter valued at approximately $3,471,000. Institutional investors and hedge funds hold 55.40% of the company’s shares.

About Franklin BSP Realty Trust

(Get a 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 is also at the origin of bridging loans; and invests in commercial real estate securities, as well as owns real estate acquired by foreclosure and deed in lieu of foreclosure, and purchased for investment purposes.

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