Franklin BSP Realty Trust, Inc. to Issue Quarterly Dividend of $0.36 (NYSE:FBRT)

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) declared a quarterly dividend on Monday, December 16th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.355 per share on Friday, January 10th. This represents a $1.42 annualized dividend and a dividend yield of 10.76%. The ex-dividend date is Tuesday, December 31st.

Franklin BSP Realty Trust has a dividend payout ratio of 89.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Franklin BSP Realty Trust to earn $1.52 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 93.4%.

Franklin BSP Realty Trust Stock Performance

Shares of FBRT opened at $13.20 on Tuesday. Franklin BSP Realty Trust has a 52 week low of $11.99 and a 52 week high of $14.66. The business’s 50 day moving average price is $13.00 and its 200-day moving average price is $13.01. The stock has a market cap of $1.08 billion, a P/E ratio of 16.09 and a beta of 1.40. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67.

Analyst Ratings Changes

A number of research analysts recently commented on FBRT shares. Janney Montgomery Scott initiated coverage on Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued a “buy” rating and a $16.00 price target on the stock. Raymond James boosted their price target on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus 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).