Franklin BSP Realty Trust, Inc. Announces Quarterly Dividend of $0.36 (NYSE:FBRT)

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) declared a quarterly dividend on Monday, September 16th, NASDAQ reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.355 per share on Thursday, October 10th. This represents a $1.42 annualized dividend and a dividend yield of 10.54%. The ex-dividend date is Monday, September 30th.

Franklin BSP Realty Trust has a payout ratio of 84.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Franklin BSP Realty Trust to earn $1.59 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 89.3%.

Franklin BSP Realty Trust Stock Performance

FBRT traded up $0.07 during trading hours on Monday, hitting $13.47. 264,520 shares of the stock were exchanged, compared to its average volume of 333,834. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 10.15 and a beta of 1.42. The stock has a 50-day simple moving average of $13.12 and a 200-day simple moving average of $12.92. The company has a debt-to-equity ratio of 3.54, a current ratio of 89.36 and a quick ratio of 89.36. Franklin BSP Realty Trust has a 12 month low of $11.99 and a 12 month high of $14.66.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a research report on Thursday, June 27th. BTIG Research reissued a “buy” rating and issued a $16.00 target price on shares of Franklin BSP Realty Trust in a report on Friday, July 19th.

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).