Franklin BSP Realty Trust (NYSE:FBRT) Issues Quarterly Earnings Results

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) posted its earnings results 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 company had revenue of $55.95 million for the quarter, compared to analysts' expectations of $49.28 million.

Franklin BSP Realty Trust Trading Up 1.6 %

NYSE:FBRT traded up $0.21 on Monday, reaching $13.21. 403,688 shares of the company's stock were exchanged, compared to its average volume of 376,666. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.10 and a beta of 1.39. The business has a fifty day moving average of $12.70 and a 200-day moving average of $12.90. Franklin BSP Realty Trust has a 52-week low of $11.96 and a 52-week high of $14.11.

Franklin BSP Realty Trust Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 10.75%. Franklin BSP Realty Trust's dividend payout ratio (DPR) is presently 171.08%.

Analysts Set New Price Targets

FBRT has been the topic of a number of recent analyst reports. Janney Montgomery Scott initiated coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They issued a "buy" rating and a $16.00 target price on the stock. B. Riley raised shares of Franklin BSP Realty Trust to a "strong-buy" rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Franklin BSP Realty Trust has an average rating of "Buy" and a consensus target price of $15.63.

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).