Franklin BSP Realty Trust (NYSE:FBRT) Issues Quarterly Earnings Results, Misses Estimates By $0.27 EPS

Franklin BSP Realty Trust (NYSE:FBRT – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.27), FiscalAI reports. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. The firm had revenue of $22.11 million during the quarter, compared to the consensus estimate of $72.54 million.

Franklin BSP Realty Trust Stock Down 1.5%

Shares of FBRT stock traded down $0.10 during trading hours on Wednesday, reaching $6.32. The company had a trading volume of 1,285,111 shares, compared to its average volume of 1,276,816. The company has a debt-to-equity ratio of 3.47, a current ratio of 96.80 and a quick ratio of 96.80. The company has a market cap of $524.43 million, a price-to-earnings ratio of 14.35 and a beta of 0.97. The business has a fifty day simple moving average of $7.24 and a 200-day simple moving average of $8.42. Franklin BSP Realty Trust has a 12 month low of $5.90 and a 12 month high of $10.82.

Franklin BSP Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date was Wednesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio (DPR) is currently 181.82%.

Analysts Set New Price Targets

FBRT has been the topic of a number of research reports. UBS Group set a $10.00 target price on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. JonesTrading reiterated a “buy” rating and set a $12.00 price objective on shares of Franklin BSP Realty Trust in a research report on Friday, September 11th. Zacks Research raised shares of Franklin BSP Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. BTIG Research downgraded Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, September 18th. Finally, Citizens Jmp restated a “market outperform” rating and set a $11.00 price target on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

View Our Latest Report on FBRT

About Franklin BSP Realty Trust

(Get Free Report)

Franklin BSP Realty Trust (NYSE: FBRT) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages a diversified portfolio of commercial real estate debt investments, with an emphasis on loans secured by properties in the United States.

Its investment activities primarily include senior mortgage loans, subordinate and mezzanine loans, preferred equity investments and other debt-related instruments. The portfolio is designed to provide financing to owners and operators of commercial properties across sectors such as multifamily, office, industrial, retail, hospitality and other specialty real estate.

Franklin BSP Realty Trust was formerly known as Benefit Street Partners Realty Trust and operates under the Franklin BSP platform.

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Earnings History for Franklin BSP Realty Trust (NYSE:FBRT)

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