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

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) declared a quarterly dividend on Monday, December 16th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.355 per share on Friday, January 10th. This represents a $1.42 annualized dividend and a yield of 10.77%. The ex-dividend date is Tuesday, December 31st.

Franklin BSP Realty Trust has a dividend payout ratio of 89.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Franklin BSP Realty Trust to earn $1.52 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 93.4%.

Franklin BSP Realty Trust Price Performance

Shares of FBRT traded up $0.06 during trading hours on Monday, hitting $13.19. The stock had a trading volume of 294,818 shares, compared to its average volume of 330,347. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.01 and a beta of 1.40. 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 company’s fifty day moving average is $12.98 and its two-hundred day moving average is $13.01. Franklin BSP Realty Trust has a 52 week low of $11.99 and a 52 week high of $14.66.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FBRT shares. Janney Montgomery Scott started coverage on Franklin BSP Realty Trust in a research report on Thursday. They issued a “buy” rating and a $16.00 price objective for the company. Raymond James lifted their price target on Franklin BSP Realty Trust from $15.00 to $15.50 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Franklin BSP Realty Trust presently has an average rating of “Buy” and an average target price of $15.50.

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).