Franklin BSP Realty Trust (NYSE:FBRT) Announces Earnings Results

Franklin BSP Realty Trust (NYSE:FBRT) posted its quarterly earnings data on Thursday. The company reported $0.28 EPS for the quarter, topping 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 Trading Up 1.1 %

NYSE FBRT traded up $0.15 on Thursday, reaching $13.00. The company had a trading volume of 289,990 shares, compared to its average volume of 371,955. The stock’s 50 day moving average is $12.69 and its 200-day moving average is $12.91. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 15.85 and a beta of 1.39. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. Franklin BSP Realty Trust has a 52 week low of $11.96 and a 52 week high of $14.11.

Franklin BSP Realty Trust Dividend Announcement

The business 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 was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 10.93%. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price for the company. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price 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).