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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) declared a quarterly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.20 per share on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Wednesday, September 30th.

Franklin BSP Realty Trust has decreased its dividend by an average of 0.0%per year over the last three years. Franklin BSP Realty Trust has a dividend payout ratio of 58.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Franklin BSP Realty Trust to earn $0.99 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 80.8%.

Franklin BSP Realty Trust Trading Down 4.1%

NYSE:FBRT opened at $7.67 on Friday. Franklin BSP Realty Trust has a 52 week low of $7.34 and a 52 week high of $11.68. The company has a debt-to-equity ratio of 3.47, a quick ratio of 96.80 and a current ratio of 96.80. The firm’s fifty day moving average is $8.04 and its 200-day moving average is $8.50. The firm has a market cap of $637.08 million, a P/E ratio of 17.44 and a beta of 0.93.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its earnings results on Wednesday, July 29th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $65.29 million during the quarter, compared to the consensus estimate of $80.98 million. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. Equities analysts expect that Franklin BSP Realty Trust will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FBRT shares. Citizens Jmp reiterated a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Weiss Ratings raised shares of Franklin BSP Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Finally, Zacks Research upgraded shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Franklin BSP Realty Trust presently has a consensus rating of “Hold” and an average target price 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.