Franklin BSP Realty Trust (NYSE:FBRT) Issues Earnings Results, Beats Expectations By $0.01 EPS

Franklin BSP Realty Trust (NYSE:FBRT) posted its quarterly earnings data on Thursday. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. Franklin BSP Realty Trust had a net margin of 45.58% and a return on equity of 8.92%. The firm had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million.

Franklin BSP Realty Trust Stock Performance

Shares of Franklin BSP Realty Trust stock traded up $0.21 during trading hours on Friday, reaching $13.21. The company’s stock had a trading volume of 403,688 shares, compared to its average volume of 376,666. The company’s 50 day simple moving average is $12.69 and its 200 day simple moving average is $12.91. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. Franklin BSP Realty Trust has a one year low of $11.96 and a one year high of $14.11. The stock has a market cap of $1.08 billion, a P/E ratio of 16.10 and a beta of 1.39.

Franklin BSP Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were given a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.75%. Franklin BSP Realty Trust’s payout ratio is currently 173.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FBRT shares. Janney Montgomery Scott started coverage on shares of Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective on the stock. B. Riley upgraded shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $15.50.

Franklin BSP Realty Trust Company Profile

Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the government-sponsored enterprises (GSEs)), or by an agency of the federal government, Government National Mortgage Association (Ginnie Mae).