Franklin BSP Realty Trust (FBRT) to Release Quarterly Earnings on Monday

Franklin BSP Realty Trust (NYSE:FBRT) will issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Franklin BSP Realty Trust Stock Up 1.7 %

Franklin BSP Realty Trust stock opened at $12.57 on Monday. Franklin BSP Realty Trust has a 12 month low of $11.73 and a 12 month high of $14.70. The stock has a fifty day simple moving average of $12.83 and a two-hundred day simple moving average of $13.08. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 8.91 and a beta of 1.43. The company has a current ratio of 83.74, a quick ratio of 83.74 and a debt-to-equity ratio of 3.15.

Franklin BSP Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 11.30%. The ex-dividend date was Wednesday, March 27th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is 100.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BTIG Research reduced their target price on shares of Franklin BSP Realty Trust from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Jonestrading decreased their price objective on Franklin BSP Realty Trust from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Raymond James upgraded shares of Franklin BSP Realty Trust from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research note on Friday, April 12th. Finally, JMP Securities raised Franklin BSP Realty Trust from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a report on Wednesday, January 10th.

Institutional Investors Weigh In On Franklin BSP Realty Trust

A number of institutional investors have recently added to or reduced their stakes in FBRT. PNC Financial Services Group Inc. raised its holdings in Franklin BSP Realty Trust by 70.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the company’s stock valued at $39,000 after buying an additional 1,186 shares during the last quarter. Quantbot Technologies LP purchased a new position in Franklin BSP Realty Trust in the 1st quarter worth approximately $40,000. Captrust Financial Advisors purchased a new stake in Franklin BSP Realty Trust during the second quarter valued at $68,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Franklin BSP Realty Trust in the 2nd quarter worth about $74,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Franklin BSP Realty Trust in the 2nd quarter valued at about $96,000. 59.87% of the stock is owned by institutional investors.

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).