Franklin BSP Realty Trust (NYSE:FBRT) Announces Earnings Results, Beats Expectations By $0.01 EPS

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 return on equity of 8.92% and a net margin of 45.58%.

Franklin BSP Realty Trust Stock Up 1.1 %

Shares of FBRT stock traded up $0.14 on Friday, hitting $13.14. The stock had a trading volume of 94,502 shares, compared to its average volume of 362,418. The company has a quick ratio of 90.45, a current ratio of 90.45 and a debt-to-equity ratio of 3.67. The business has a 50 day moving average price of $12.69 and a 200 day moving average price of $12.91. The company has a market cap of $1.08 billion, a PE ratio of 16.02 and a beta of 1.39. Franklin BSP Realty Trust has a one year low of $11.96 and a one year high of $14.11.

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 issued a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 annualized dividend and a dividend yield of 10.81%. Franklin BSP Realty Trust’s payout ratio is currently 173.17%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FBRT. B. Riley upgraded Franklin BSP Realty Trust to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott began coverage on Franklin BSP Realty Trust in a research report on Thursday, December 12th. They set a “buy” rating and a $16.00 target price for the company. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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).