Franklin BSP Realty Trust (NYSE:FBRT) Releases Quarterly Earnings Results

Franklin BSP Realty Trust (NYSE:FBRT - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05), Zacks reports. Franklin BSP Realty Trust had a net margin of 45.56% and a return on equity of 8.17%. The business had revenue of $50.11 million for the quarter, compared to analysts' expectations of $52.59 million.

Franklin BSP Realty Trust Stock Up 0.0 %

Shares of NYSE FBRT traded up $0.01 during midday trading on Thursday, hitting $11.39. 177,735 shares of the company's stock were exchanged, compared to its average volume of 375,271. The company has a debt-to-equity ratio of 3.42, a current ratio of 84.89 and a quick ratio of 90.45. Franklin BSP Realty Trust has a twelve month low of $10.50 and a twelve month high of $14.12. The company has a market cap of $952.21 million, a PE ratio of 13.72 and a beta of 1.14. The firm's fifty day simple moving average is $12.38 and its 200-day simple moving average is $12.69.

Franklin BSP Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 12.47%. The ex-dividend date of this dividend was Monday, March 31st. Franklin BSP Realty Trust's dividend payout ratio (DPR) is 208.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FBRT shares. Jones Trading reduced their price target on Franklin BSP Realty Trust from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday. JMP Securities reaffirmed a "market outperform" rating and issued a $15.00 price target on shares of Franklin BSP Realty Trust in a research note on Tuesday. B. Riley raised Franklin BSP Realty Trust to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Franklin BSP Realty Trust in a research note on Wednesday, March 12th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $15.30.

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).