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

Franklin BSP Realty Trust (NYSE:FBRT) is projected to announce its earnings results after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $52.59 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Franklin BSP Realty Trust (NYSE:FBRT) last issued its earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Franklin BSP Realty Trust had a return on equity of 8.17% and a net margin of 45.56%. The company had revenue of $55.95 million for the quarter, compared to the consensus estimate of $49.28 million. On average, analysts expect Franklin BSP Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Franklin BSP Realty Trust Trading Up 2.7 %

FBRT stock opened at $11.35 on Monday. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. Franklin BSP Realty Trust has a 1-year low of $10.50 and a 1-year high of $14.12. The business has a 50 day simple moving average of $12.64 and a two-hundred day simple moving average of $12.76. The company has a market capitalization of $948.95 million, a price-to-earnings ratio of 13.67 and a beta of 1.14.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 12.52%. Franklin BSP Realty Trust’s dividend payout ratio is 171.08%.

Wall Street Analyst Weigh In

Several analysts have commented on FBRT shares. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Jones Trading reiterated a “buy” rating and issued a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Tuesday, March 11th. Finally, B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $15.50.

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).