Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Plans Quarterly Dividend of $0.20

Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.20 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Tuesday, June 30th.

Franklin BSP Realty Trust has decreased its dividend payment by an average of 0.0%annually over the last three years. Franklin BSP Realty Trust has a payout ratio of 58.4% meaning its dividend is sufficiently covered by earnings. Equities research 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%.

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Franklin BSP Realty Trust Trading Down 2.7%

NYSE FBRT traded down $0.23 on Wednesday, hitting $8.20. 1,521,951 shares of the stock were exchanged, compared to its average volume of 990,103. The company has a debt-to-equity ratio of 3.74, a quick ratio of 90.06 and a current ratio of 90.06. Franklin BSP Realty Trust has a 52-week low of $8.12 and a 52-week high of $11.84. The firm has a market capitalization of $630.71 million, a P/E ratio of 16.07 and a beta of 0.92. The stock has a fifty day moving average price of $8.75 and a two-hundred day moving average price of $9.41.

Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. The firm had revenue of $74.38 million during the quarter, compared to analysts’ expectations of $73.09 million. Research analysts forecast that Franklin BSP Realty Trust will post 0.72 EPS for the current fiscal year.

Franklin BSP Realty Trust Company Profile

(Get Free Report)

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.

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