Franklin BSP Realty Trust, Inc. (FBRT) To Go Ex-Dividend on December 31st

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced a quarterly dividend on Monday, December 16th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.355 per share on Friday, January 10th. This represents a $1.42 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend is Tuesday, December 31st.

Franklin BSP Realty Trust has a dividend payout ratio of 89.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Franklin BSP Realty Trust to earn $1.52 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 93.4%.

Franklin BSP Realty Trust Price Performance

Shares of FBRT stock opened at $13.00 on Wednesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 15.85 and a beta of 1.40. Franklin BSP Realty Trust has a 12 month low of $11.99 and a 12 month high of $14.66. 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 stock has a 50-day moving average price of $13.00 and a 200 day moving average price of $13.01.

Analyst Ratings Changes

A number of analysts have commented on FBRT shares. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price for the company. Raymond James increased their target price on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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).