Franklin BSP Realty Trust (FBRT) Projected to Post Earnings on Thursday

Franklin BSP Realty Trust (NYSE:FBRT) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $50.15 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Franklin BSP Realty Trust Stock Up 0.5 %

Shares of NYSE FBRT opened at $12.94 on Wednesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 15.79 and a beta of 1.39. Franklin BSP Realty Trust has a 1 year low of $11.96 and a 1 year high of $14.11. The company has a debt-to-equity ratio of 3.67, a quick ratio of 90.45 and a current ratio of 90.45. The stock’s 50-day simple moving average is $12.69 and its 200-day simple moving average is $12.92.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.355 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 annualized dividend and a yield of 10.97%. Franklin BSP Realty Trust’s dividend payout ratio is presently 173.17%.

Analysts Set New Price Targets

Several research firms recently issued reports on FBRT. Janney Montgomery Scott assumed coverage on shares of Franklin BSP Realty Trust in a report on Thursday, December 12th. They issued 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 research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Franklin BSP Realty Trust presently has a consensus 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).