Franklin BSP Realty Trust, Inc. (FBRT) To Go Ex-Dividend on June 28th

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced a quarterly dividend on Monday, June 17th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.355 per share on Wednesday, July 10th. This represents a $1.42 annualized dividend and a yield of 11.04%. The ex-dividend date of this dividend is Friday, June 28th.

Franklin BSP Realty Trust has a dividend payout ratio of 83.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Franklin BSP Realty Trust to earn $1.56 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 91.0%.

Franklin BSP Realty Trust Stock Performance

NYSE FBRT traded down $0.05 on Wednesday, reaching $12.86. The stock had a trading volume of 18,127 shares, compared to its average volume of 331,301. The company has a debt-to-equity ratio of 3.21, a quick ratio of 88.39 and a current ratio of 88.39. Franklin BSP Realty Trust has a 12-month low of $11.99 and a 12-month high of $14.70. The business’s 50-day moving average price is $12.77 and its 200 day moving average price is $13.03. The stock has a market cap of $1.05 billion, a P/E ratio of 9.78 and a beta of 1.44.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Franklin BSP Realty Trust had a net margin of 53.82% and a return on equity of 14.32%. The firm had revenue of $53.95 million during the quarter, compared to analysts’ expectations of $54.64 million. During the same quarter in the prior year, the firm posted $0.44 EPS. As a group, equities analysts expect that Franklin BSP Realty Trust will post 1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FBRT shares. BTIG Research reduced their price objective on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Raymond James raised Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a report on Friday, April 12th.

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).