Franklin BSP Realty Trust, Inc. Plans Quarterly Dividend of $0.36 (NYSE:FBRT)

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) declared a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.355 per share on Thursday, April 10th. This represents a $1.42 annualized dividend and a yield of 10.94%. 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 dividend 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 fall. 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 1.2 %

Shares of Franklin BSP Realty Trust stock traded down $0.16 during trading on Friday, hitting $12.98. The company's stock had a trading volume of 1,078,044 shares, compared to its average volume of 334,577. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 15.64 and a beta of 1.37. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. Franklin BSP Realty Trust has a 52 week low of $11.96 and a 52 week high of $14.12. The stock has a 50-day moving average price of $12.94 and a two-hundred day moving average price of $12.96.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The company had revenue of $55.95 million during the quarter, compared to the consensus estimate of $49.28 million. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. Equities research analysts anticipate that Franklin BSP Realty Trust will post 1.41 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FBRT. Jones Trading reiterated a "buy" rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. Citigroup reissued an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Janney Montgomery Scott initiated coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a "buy" rating and a $16.00 target price on the stock. Finally, B. Riley upgraded Franklin BSP Realty Trust to a "strong-buy" rating in a report on Tuesday, January 7th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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).