Franklin BSP Realty Trust, Inc. (NYSE:FBRT) to Issue $0.20 Quarterly Dividend

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.20 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Tuesday, June 30th.

Franklin BSP Realty Trust has decreased its dividend payment by an average of 0.0%per year over the last three years. Franklin BSP Realty Trust has a payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Franklin BSP Realty Trust to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 78.4%.

Franklin BSP Realty Trust Price Performance

NYSE:FBRT traded down $0.23 on Wednesday, reaching $8.20. 1,521,951 shares of the company’s stock traded hands, compared to its average volume of 990,103. The stock has a 50-day simple moving average of $8.75 and a 200-day simple moving average of $9.41. Franklin BSP Realty Trust has a 12 month low of $8.12 and a 12 month high of $11.84. The firm has a market cap of $630.71 million, a PE ratio of 16.07 and a beta of 0.92. The company has a quick ratio of 90.06, a current ratio of 90.06 and a debt-to-equity ratio of 3.74.

Franklin BSP Realty Trust (NYSE:FBRT) last released its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). The business had revenue of $74.38 million for the quarter, compared to analysts’ expectations of $73.09 million. Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%. Equities research analysts forecast that Franklin BSP Realty Trust will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup reaffirmed an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Citizens Jmp cut their target price on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 16th. JonesTrading reduced their price target on shares of Franklin BSP Realty Trust from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research lowered Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.50.

Franklin BSP Realty Trust Company Profile

Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.