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

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

Franklin BSP Realty Trust Trading Up 1.1 %

FBRT traded up $0.14 during trading on Friday, reaching $13.14. The company had a trading volume of 94,502 shares, compared to its average volume of 362,418. The stock has a market cap of $1.08 billion, a P/E ratio of 16.02 and a beta of 1.39. The business has a 50 day simple moving average of $12.69 and a 200-day simple moving average of $12.91. Franklin BSP Realty Trust has a 52 week low of $11.96 and a 52 week high of $14.11. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 10.81%. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

Analyst Upgrades and Downgrades

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