Verition Fund Management LLC Has $1.65 Million Stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRT)

Verition Fund Management LLC trimmed its stake in Franklin BSP Realty Trust, Inc. (NYSE:FBRTGet Rating) by 55.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,665 shares of the company’s stock after selling 145,689 shares during the period. Verition Fund Management LLC owned about 0.14% of Franklin BSP Realty Trust worth $1,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in shares of Franklin BSP Realty Trust by 34.7% during 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 in the last quarter. New York State Common Retirement Fund boosted its position in shares of Franklin BSP Realty Trust by 45.3% during the 1st quarter. New York State Common Retirement Fund now owns 28,664 shares of the company’s stock valued at $401,000 after acquiring an additional 8,942 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Franklin BSP Realty Trust in the fourth quarter valued at about $385,000. Arizona State Retirement System acquired a new position in Franklin BSP Realty Trust in the first quarter valued at about $141,000. Finally, HBK Investments L P acquired a new position in Franklin BSP Realty Trust in the fourth quarter valued at about $3,471,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Franklin BSP Realty Trust Price Performance

NYSE:FBRT opened at $12.54 on Tuesday. The firm has a market cap of $1.05 billion, a PE ratio of -4.10 and a beta of 1.35. Franklin BSP Realty Trust, Inc. has a 12 month low of $11.59 and a 12 month high of $17.74. The company has a quick ratio of 110.58, a current ratio of 110.58 and a debt-to-equity ratio of 3.38. The company’s 50-day moving average price is $14.12 and its two-hundred day moving average price is $14.03.

Analyst Ratings Changes

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

Insider Buying and Selling at Franklin BSP Realty Trust

In related news, Director Buford H. Ortale bought 3,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $35,310. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Buford H. Ortale bought 3,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $35,310. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Buford H. Ortale bought 3,700 shares of the company’s stock in a transaction 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 disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Franklin BSP Realty Trust Company 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.

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

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