Franklin BSP Realty Trust (FBRT) to Release Quarterly Earnings on Thursday

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) is projected to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect Franklin BSP Realty Trust to post earnings of $0.27 per share and revenue of $50.43 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Franklin BSP Realty Trust Price Performance

Shares of Franklin BSP Realty Trust stock traded down $0.16 on Friday, hitting $12.82. The company had a trading volume of 338,540 shares, compared to its average volume of 376,666. Franklin BSP Realty Trust has a 52 week low of $11.96 and a 52 week high of $14.11. The company has a market cap of $1.05 billion, a PE ratio of 15.63 and a beta of 1.39. The business has a 50-day simple moving average of $12.69 and a 200-day simple moving average of $12.93. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45.

Franklin BSP Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend was Tuesday, December 31st. Franklin BSP Realty Trust's payout ratio is currently 173.17%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FBRT. B. Riley upgraded Franklin BSP Realty Trust to a "strong-buy" rating in a report on Tuesday, January 7th. Janney Montgomery Scott began coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued a "buy" rating and a $16.00 price target for the company. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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).