Franklin BSP Realty Trust (FBRT) Projected to Post Quarterly Earnings on Thursday

Franklin BSP Realty Trust (NYSE:FBRT) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $50.15 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Franklin BSP Realty Trust Price Performance

Shares of NYSE FBRT opened at $12.94 on Wednesday. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45. The firm has a market capitalization of $1.06 billion, a PE ratio of 15.79 and a beta of 1.39. Franklin BSP Realty Trust has a 1-year low of $11.96 and a 1-year high of $14.11. The business’s fifty day moving average price is $12.69 and its two-hundred day moving average price is $12.92.

Franklin BSP Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.97%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 173.17%.

Analyst Upgrades and Downgrades

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