Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) declared a quarterly dividend on Monday, September 18th, Zacks reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.355 per share on Tuesday, October 10th. This represents a $1.42 annualized dividend and a dividend yield of 10.08%. The ex-dividend date of this dividend is Thursday, September 28th.
Franklin BSP Realty Trust Price Performance
NYSE:FBRT opened at $14.09 on Tuesday. Franklin BSP Realty Trust has a one year low of $10.34 and a one year high of $14.92. The company has a market cap of $1.16 billion, a P/E ratio of 9.92 and a beta of 1.51. The firm’s fifty day moving average price is $13.96 and its two-hundred day moving average price is $13.34. The company has a debt-to-equity ratio of 3.14, a current ratio of 87.94 and a quick ratio of 87.94.
Analyst Upgrades and Downgrades
Several research firms have commented on FBRT. Jonestrading reiterated a “buy” rating and issued a $16.00 price objective on shares of Franklin BSP Realty Trust in a report on Wednesday, August 2nd. Raymond James upped their price target on shares of Franklin BSP Realty Trust from $14.50 to $15.00 and gave the company an “outperform” rating in a research note on Friday, August 11th.
Hedge Funds Weigh In On Franklin BSP Realty Trust
Several institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. bought a new stake in Franklin BSP Realty Trust during the third quarter worth about $151,000. Millennium Management LLC bought a new stake in Franklin BSP Realty Trust during the fourth quarter worth about $150,000. Envestnet Asset Management Inc. bought a new stake in Franklin BSP Realty Trust during the second quarter worth about $142,000. Squarepoint Ops LLC bought a new stake in Franklin BSP Realty Trust during the first quarter worth about $127,000. Finally, Ensign Peak Advisors Inc bought a new stake in Franklin BSP Realty Trust during the third quarter worth about $124,000. 59.70% of the stock is currently owned by institutional investors and hedge funds.
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).
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