Franklin BSP Realty Trust (FBRT) Scheduled to Post Earnings on Monday

Franklin BSP Realty Trust (NYSE:FBRT) will be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Franklin BSP Realty Trust Price Performance

Shares of FBRT opened at $12.99 on Friday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 89.36 and a current ratio of 89.36. The firm has a market cap of $1.06 billion, a PE ratio of 15.84 and a beta of 1.42. The firm’s 50 day moving average price is $13.13 and its 200 day moving average price is $12.95. Franklin BSP Realty Trust has a twelve month low of $11.99 and a twelve month high of $14.66.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.94%. Franklin BSP Realty Trust’s dividend payout ratio is currently 173.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Raymond James upped 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. BTIG Research reissued a “buy” rating and set a $16.00 price objective on shares of Franklin BSP Realty Trust in a report on Friday, July 19th.

About Franklin BSP Realty Trust

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).