Franklin BSP Realty Trust, Inc. (FBRT) to Issue Quarterly Dividend of $0.36 on October 10th

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) declared a quarterly dividend on Monday, September 16th, NASDAQ reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.355 per share on Thursday, October 10th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date of this dividend is Monday, September 30th.

Franklin BSP Realty Trust has a payout ratio of 84.0% 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 $1.59 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 89.3%.

Franklin BSP Realty Trust Trading Up 0.9 %

Shares of FBRT stock opened at $13.44 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.18 and a beta of 1.42. Franklin BSP Realty Trust has a 1 year low of $11.99 and a 1 year high of $14.66. The firm’s fifty day simple moving average is $13.18 and its 200 day simple moving average is $12.96. The company has a current ratio of 89.36, a quick ratio of 89.36 and a debt-to-equity ratio of 3.54.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Raymond James boosted their price objective on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. JMP Securities restated a “market outperform” rating and set a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Thursday, June 27th. Finally, BTIG Research reiterated a “buy” rating and issued a $16.00 price objective on shares of Franklin BSP Realty Trust in a research report on Friday, July 19th.

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).