Franklin BSP Realty Trust (FBRT) Set to Announce Earnings on Monday

Franklin BSP Realty Trust (NYSE:FBRT) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Franklin BSP Realty Trust to post earnings of $0.42 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Franklin BSP Realty Trust Stock Up 1.3 %

NYSE FBRT opened at $12.75 on Friday. The stock has a market cap of $1.04 billion, a PE ratio of 9.04 and a beta of 1.43. Franklin BSP Realty Trust has a fifty-two week low of $11.73 and a fifty-two week high of $14.70. The business has a 50 day moving average price of $12.83 and a two-hundred day moving average price of $13.06. The company has a quick ratio of 83.74, a current ratio of 83.74 and a debt-to-equity ratio of 3.15.

Franklin BSP Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 11.14%. The ex-dividend date of this dividend was Wednesday, March 27th. Franklin BSP Realty Trust’s dividend payout ratio is presently 100.71%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FBRT. BTIG Research decreased their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Jonestrading cut their target price on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. JMP Securities raised Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research report on Wednesday, January 10th. Finally, Raymond James raised Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Friday, April 12th.

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).