Franklin BSP Realty Trust (FBRT) to Release Earnings on Monday

Franklin BSP Realty Trust (NYSE:FBRT) is scheduled to release its earnings data after the market closes on Monday, April 29th. Analysts expect Franklin BSP Realty Trust to post earnings of $0.42 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Franklin BSP Realty Trust Stock Up 1.3 %

Shares of Franklin BSP Realty Trust stock opened at $12.74 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 9.04 and a beta of 1.43. The company has a debt-to-equity ratio of 3.15, a quick ratio of 83.74 and a current ratio of 83.74. Franklin BSP Realty Trust has a one year low of $11.73 and a one year high of $14.70. The firm has a fifty day moving average of $12.83 and a two-hundred day moving average of $13.06.

Franklin BSP Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a dividend of $0.355 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 11.15%. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is presently 100.71%.

Wall Street Analysts Forecast Growth

FBRT has been the topic of a number of recent analyst reports. Jonestrading lowered their price target on shares of Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Raymond James raised shares of Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Friday, April 12th. BTIG Research lowered their price target on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, JMP Securities raised shares of Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Wednesday, January 10th.

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).