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

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

Franklin BSP Realty Trust Stock Performance

Shares of NYSE FBRT opened at $12.74 on Friday. The company has a current ratio of 83.74, a quick ratio of 83.74 and a debt-to-equity ratio of 3.15. Franklin BSP Realty Trust has a 12 month low of $11.73 and a 12 month high of $14.70. The stock has a 50 day moving average of $12.83 and a 200-day moving average of $13.06. The company has a market capitalization of $1.04 billion, a P/E ratio of 9.04 and a beta of 1.43.

Franklin BSP Realty Trust Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 11.15%. Franklin BSP Realty Trust’s dividend payout ratio is currently 100.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FBRT shares. Jonestrading reduced their target price on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Raymond James upgraded Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Friday, April 12th. JMP Securities upgraded Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a research note on Wednesday, January 10th. Finally, BTIG Research reduced their target price on Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th.

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).