Franklin BSP Realty Trust (FBRT) Projected to Post Quarterly Earnings on Thursday

Franklin BSP Realty Trust (NYSE:FBRT) is projected to issue its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect Franklin BSP Realty Trust to post earnings of $0.27 per share and revenue of $50.43 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Franklin BSP Realty Trust Trading Up 0.3 %

FBRT stock opened at $12.88 on Thursday. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45. Franklin BSP Realty Trust has a 1-year low of $11.96 and a 1-year high of $14.11. The business has a 50 day simple moving average of $12.70 and a two-hundred day simple moving average of $12.95. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 15.70 and a beta of 1.39.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 11.03%. The ex-dividend date was Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 173.17%.

Analysts Set New Price Targets

Several research firms recently weighed in on FBRT. B. Riley raised shares of Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on 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. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Franklin BSP Realty Trust has an average rating of “Buy” and an average price target 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).