Franklin BSP Realty Trust (NYSE:FBRT) Releases Earnings Results, Beats Estimates 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, beating analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. Franklin BSP Realty Trust had a return on equity of 8.92% and a net margin of 45.58%.

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $13.21 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. The business’s fifty day moving average is $12.69 and its 200 day moving average is $12.91. Franklin BSP Realty Trust has a fifty-two week low of $11.96 and a fifty-two week high of $14.11. The company has a market capitalization of $1.08 billion, a PE ratio of 16.10 and a beta of 1.39.

Franklin BSP Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 annualized dividend and a yield of 10.75%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 173.17%.

Analysts Set New Price Targets

Several equities analysts have issued reports on FBRT shares. Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a research note on Thursday, December 12th. They issued a “buy” rating and a $16.00 price target on the stock. B. Riley raised Franklin BSP Realty Trust to a “strong-buy” rating in a report on Tuesday, January 7th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from 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).