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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced 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 dividend on an annualized basis and a dividend yield of 10.57%. 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 tumble. Equities 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 Price Performance

FBRT opened at $13.44 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 10.18 and a beta of 1.42. The company has a quick ratio of 89.36, a current ratio of 89.36 and a debt-to-equity ratio of 3.54. The company has a fifty day simple moving average of $13.18 and a 200 day simple moving average of $12.96. 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

FBRT has been the subject of a number of research reports. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of Franklin BSP Realty Trust in a research note on Friday, July 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of Franklin BSP Realty Trust in a research report on Thursday, June 27th. Finally, Raymond James upped their price target on shares of Franklin BSP Realty Trust from $15.00 to $15.50 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th.

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).