Franklin BSP Realty Trust (NYSE:FBRT) Posts Earnings Results, Beats Expectations By $0.01 EPS

Franklin BSP Realty Trust (NYSE:FBRT) posted its quarterly earnings data on Thursday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. Franklin BSP Realty Trust had a return on equity of 8.92% and a net margin of 45.58%.

Franklin BSP Realty Trust Trading Up 1.6 %

FBRT opened at $13.21 on Friday. Franklin BSP Realty Trust has a one year low of $11.96 and a one year high of $14.11. The stock has a market capitalization of $1.08 billion, a PE ratio of 16.10 and a beta of 1.39. The business’s 50 day moving average price is $12.69 and its 200 day moving average price is $12.91. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45.

Franklin BSP Realty Trust Announces Dividend

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 dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.75%. The ex-dividend date of this dividend was Tuesday, December 31st. Franklin BSP Realty Trust’s dividend payout ratio is currently 173.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FBRT shares. Janney Montgomery Scott started coverage on Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a “buy” rating and a $16.00 price objective for the company. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Franklin BSP Realty Trust has an average rating of “Buy” and an average 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).