Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) 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
Read Our Latest Analysis on Franklin BSP Realty Trust
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).
See Also
- Five stocks we like better than Franklin BSP Realty Trust
- How to Choose Top Rated Stocks
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Trading Halts Explained
- MarketBeat Week in Review – 9/23 – 9/27
- The Significance of Brokerage Rankings in Stock Selection
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for Franklin BSP Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin BSP Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.