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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced 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 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date is Monday, March 31st.

Franklin BSP Realty Trust has increased its dividend payment 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. Research 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 %

Franklin BSP Realty Trust stock opened at $13.26 on Wednesday. The stock has a market capitalization of $1.09 billion, a PE ratio of 15.97 and a beta of 1.37. Franklin BSP Realty Trust has a 12-month low of $11.96 and a 12-month high of $14.12. The firm has a 50 day simple moving average of $12.91 and a 200-day simple moving average of $12.96. 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 (NYSE:FBRT) last issued its earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $55.95 million during the quarter, compared to analyst estimates 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, equities research analysts expect that Franklin BSP Realty Trust will post 1.41 EPS for the current fiscal year.

Analysts Set New Price Targets

FBRT has been the topic of several analyst reports. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective for the company. Jones Trading reissued a “buy” rating and set a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. Finally, Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research report on Wednesday, March 12th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $15.50.

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).