Franklin BSP Realty Trust, Inc. (FBRT) to Distribute Quarterly Dividend of $0.36 on April 10th

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) declared a quarterly dividend on Monday, March 17th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.355 per share on Thursday, April 10th. This represents a $1.42 annualized dividend and a yield of 10.71%. The ex-dividend date is Monday, March 31st.

Franklin BSP Realty Trust has raised its dividend by an average of 72.4% annually over the last three years. Franklin BSP Realty Trust has a payout ratio of 92.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Franklin BSP Realty Trust to earn $1.49 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 95.3%.

Franklin BSP Realty Trust Trading Down 0.2 %

Shares of Franklin BSP Realty Trust stock opened at $13.26 on Wednesday. Franklin BSP Realty Trust has a fifty-two week low of $11.96 and a fifty-two week high of $14.12. The company has a debt-to-equity ratio of 3.42, a quick ratio of 90.45 and a current ratio of 84.89. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 15.97 and a beta of 1.37. The stock has a 50 day moving average of $12.91 and a 200 day moving average of $12.96.

Franklin BSP Realty Trust (NYSE:FBRT) last posted its earnings results on Thursday, February 13th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $55.95 million for the quarter, compared to analysts’ expectations of $49.28 million. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. As a group, research analysts predict that Franklin BSP Realty Trust will post 1.41 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on FBRT shares. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, March 12th. Jones Trading reissued a “buy” rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research note on Tuesday, March 11th. Finally, Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective on the stock. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Franklin BSP Realty Trust currently has an average rating of “Buy” and an average price target 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).