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

Key Points

• Franklin BSP Realty Trust, Inc. has declared a quarterly dividend of $0.36 per share, set to be paid on October 10th to stockholders of record as of September 30th, representing a 12.5% dividend yield.
• The company currently has a payout ratio of 103.6%, indicating that it is unable to cover its dividend solely from earnings and is utilizing its balance sheet for payment coverage.
• Despite recent downgrades in price targets, Franklin BSP Realty Trust continues to hold a consensus rating of “Buy” from analysts, with a target price of $14.88, reflecting potential upside.

Franklin BSP Realty Trust, Inc. (NYSE:FBRT - Get Free Report) declared a quarterly dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.355 per share on Friday, October 10th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

Franklin BSP Realty Trust has a payout ratio of 103.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Franklin BSP Realty Trust to earn $1.49 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 95.3%.

Franklin BSP Realty Trust Stock Down 1.3%

Shares of NYSE FBRT opened at $11.37 on Monday. The stock has a market capitalization of $935.52 million, a P/E ratio of 11.60 and a beta of 1.04. The company has a 50-day moving average price of $10.99 and a 200-day moving average price of $11.43. Franklin BSP Realty Trust has a 1 year low of $9.79 and a 1 year high of $13.74. The company has a debt-to-equity ratio of 3.21, a current ratio of 81.24 and a quick ratio of 81.24.

Analyst Upgrades and Downgrades

Separately, Jones Trading reduced their price objective on shares of Franklin BSP Realty Trust from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $14.88.

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).

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