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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced a quarterly dividend on Monday, December 16th,NASDAQ Dividends reports. Shareholders 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 yield of 10.76%. The ex-dividend date is Tuesday, December 31st.

Franklin BSP Realty Trust has a payout ratio of 89.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Trading Up 0.5 %

Shares of FBRT opened at $13.20 on Tuesday. The stock has a fifty day moving average price of $13.00 and a two-hundred day moving average price of $13.01. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. Franklin BSP Realty Trust has a 52-week low of $11.99 and a 52-week high of $14.66. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 16.09 and a beta of 1.40.

Wall Street Analyst Weigh In

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