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

Franklin BSP Realty Trust (NYSE:FBRT) issued its quarterly earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. Franklin BSP Realty Trust had a net margin of 45.58% and a return on equity of 8.92%. The business had revenue of $55.95 million for the quarter, compared to analyst estimates of $49.28 million.

Franklin BSP Realty Trust Trading Up 1.6 %

FBRT stock traded up $0.21 on Friday, hitting $13.21. 403,688 shares of the company were exchanged, compared to its average volume of 376,666. Franklin BSP Realty Trust has a twelve month low of $11.96 and a twelve month high of $14.11. The company has a debt-to-equity ratio of 3.67, a current ratio of 90.45 and a quick ratio of 90.45. The business’s fifty day moving average is $12.69 and its two-hundred day moving average is $12.91. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.10 and a beta of 1.39.

Franklin BSP Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FBRT. Janney Montgomery Scott began coverage on shares of Franklin BSP Realty Trust in a research note on Thursday, December 12th. They set a “buy” rating and a $16.00 price target on the stock. B. Riley raised shares of 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $15.50.

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).