Franklin BSP Realty Trust, Inc. (FBRT) To Go Ex-Dividend on June 30th

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.20 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Tuesday, June 30th.

Franklin BSP Realty Trust has decreased its dividend by an average of 0.0%per year 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. Equities analysts expect Franklin BSP Realty Trust to earn $1.02 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 78.4%.

Franklin BSP Realty Trust Price Performance

NYSE FBRT opened at $8.22 on Friday. Franklin BSP Realty Trust has a fifty-two week low of $8.09 and a fifty-two week high of $11.84. The stock’s 50-day moving average is $8.70 and its two-hundred day moving average is $9.29. The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06. The firm has a market cap of $633.00 million, a P/E ratio of 16.13 and a beta of 0.92.

Franklin BSP Realty Trust (NYSE:FBRT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin BSP Realty Trust had a return on equity of 6.46% and a net margin of 24.26%.The company had revenue of $74.38 million for the quarter, compared to the consensus estimate of $73.09 million. On average, analysts anticipate that Franklin BSP Realty Trust will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Zacks Research downgraded Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Citizens Jmp reduced their price objective on shares of Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a research note on Thursday, April 16th. Citigroup reiterated an “outperform” rating on shares of Franklin BSP Realty Trust in a research note on Thursday, April 16th. Wall Street Zen upgraded shares of Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings lowered shares of Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.50.

About Franklin BSP Realty Trust

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.