Franklin BSP Realty Trust (FBRT) Set to Announce Quarterly Earnings on Monday

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) will issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT traded up $0.20 during midday trading on Monday, hitting $13.13. 250,683 shares of the stock traded hands, compared to its average volume of 330,365. Franklin BSP Realty Trust has a 1-year low of $11.99 and a 1-year high of $14.66. The firm has a market capitalization of $1.07 billion, a PE ratio of 9.90 and a beta of 1.42. The company has a debt-to-equity ratio of 3.54, a quick ratio of 89.36 and a current ratio of 89.36. The business's 50 day moving average price is $13.12 and its two-hundred day moving average price is $12.93.

Franklin BSP Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.81%. The ex-dividend date of this dividend was Monday, September 30th. Franklin BSP Realty Trust's dividend payout ratio (DPR) is 107.58%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FBRT shares. BTIG Research reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Franklin BSP Realty Trust in a report on Friday, July 19th. Raymond James upped their price target on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a "strong-buy" rating in a report on Thursday, September 19th.

About Franklin BSP Realty Trust

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).