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 given a dividend of 0.355 per share on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Tuesday, September 30th.
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. 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 Price Performance
FBRT stock traded down $0.00 during midday trading on Friday, reaching $11.32. The stock had a trading volume of 248,398 shares, compared to its average volume of 508,693. The company's fifty day simple moving average is $11.02 and its 200 day simple moving average is $11.40. The company has a current ratio of 81.24, a quick ratio of 81.24 and a debt-to-equity ratio of 3.21. The company has a market cap of $931.25 million, a price-to-earnings ratio of 11.56 and a beta of 1.04. Franklin BSP Realty Trust has a 52-week low of $9.79 and a 52-week high of $13.68.
Institutional Trading of Franklin BSP Realty Trust
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its stake in Franklin BSP Realty Trust by 0.9% during the first quarter. Cetera Investment Advisers now owns 120,972 shares of the company's stock worth $1,541,000 after acquiring an additional 1,114 shares during the last quarter. Coppell Advisory Solutions LLC increased its stake in Franklin BSP Realty Trust by 9.7% during the first quarter. Coppell Advisory Solutions LLC now owns 12,860 shares of the company's stock worth $149,000 after acquiring an additional 1,138 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Franklin BSP Realty Trust by 6.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,108 shares of the company's stock worth $226,000 after purchasing an additional 1,229 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Franklin BSP Realty Trust by 7.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 17,766 shares of the company's stock worth $190,000 after purchasing an additional 1,259 shares during the last quarter. Finally, CWM LLC increased its position in shares of Franklin BSP Realty Trust by 126.7% during the 2nd quarter. CWM LLC now owns 2,428 shares of the company's stock worth $26,000 after purchasing an additional 1,357 shares during the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.
Franklin BSP Realty Trust Company Profile
(
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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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