Franklin BSP Realty Trust, Inc. to Issue Quarterly Dividend of $0.20 (NYSE:FBRT)

Key Points

• Franklin BSP Realty Trust declared a quarterly dividend of $0.20 per share, payable October 13 to shareholders of record September 30. The annualized dividend is $0.80 per share, representing a 10.4% yield.
• The dividend appears covered by earnings, with a current payout ratio of 58.4%; analysts expect next year’s earnings of $0.99 per share, implying a projected payout ratio of 80.8%.
• FBRT shares opened at $7.67 after declining 4.1%, near the lower end of their 52-week range. The company recently beat quarterly EPS estimates, while institutional investors own 59.87% of outstanding shares.

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) announced a quarterly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.20 per share on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Wednesday, September 30th.

Franklin BSP Realty Trust has decreased its dividend payment by an average of 0.0%annually over the last three years. Franklin BSP Realty Trust has a dividend payout ratio of 58.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Franklin BSP Realty Trust to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 80.8%.

Franklin BSP Realty Trust Trading Down 4.1%

Shares of Franklin BSP Realty Trust stock opened at $7.67 on Friday. The firm's 50 day moving average is $8.04 and its 200 day moving average is $8.50. The firm has a market capitalization of $637.08 million, a PE ratio of 17.44 and a beta of 0.93. Franklin BSP Realty Trust has a 1 year low of $7.34 and a 1 year high of $11.68. The company has a current ratio of 96.80, a quick ratio of 96.80 and a debt-to-equity ratio of 3.47.

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. The firm had revenue of $65.29 million for the quarter, compared to analyst estimates of $80.98 million. Equities research analysts forecast that Franklin BSP Realty Trust will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Franklin BSP Realty Trust

In other Franklin BSP Realty Trust news, Director Buford Ortale acquired 29,597 shares of Franklin BSP Realty Trust stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $9.85 per share, with a total value of $291,530.45. Following the completion of the purchase, the director directly owned 28,900 shares in the company, valued at $284,665. This trade represents a -4,246.34% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Eagle Point Credit Management LLC acquired a new position in Franklin BSP Realty Trust during the 4th quarter worth about $8,381,000. Invesco Ltd. grew its position in shares of Franklin BSP Realty Trust by 72.2% in the 4th quarter. Invesco Ltd. now owns 1,829,401 shares of the company's stock valued at $18,349,000 after buying an additional 766,875 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Franklin BSP Realty Trust by 857.0% in the second quarter. California State Teachers Retirement System now owns 729,718 shares of the company's stock valued at $5,940,000 after buying an additional 653,470 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Franklin BSP Realty Trust in the second quarter valued at about $4,237,000. Finally, UBS Group AG raised its position in shares of Franklin BSP Realty Trust by 24.0% during the third quarter. UBS Group AG now owns 873,047 shares of the company's stock worth $9,481,000 after acquiring an additional 168,993 shares during the last quarter. 59.87% of the stock is owned by institutional investors.

Franklin BSP Realty Trust Company Profile

Franklin BSP Realty Trust, Inc NYSE: FBRT is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.

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