Franklin BSP Realty Trust (NYSE:FBRT) Announces Earnings Results, Misses Expectations By $0.27 EPS

Franklin BSP Realty Trust (NYSE:FBRT) issued its 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. The firm had revenue of $22.11 million during the quarter, compared to analysts’ expectations of $72.54 million. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%.

Franklin BSP Realty Trust Stock Performance

Franklin BSP Realty Trust stock traded down $0.29 during mid-day trading on Thursday, reaching $6.04. The company had a trading volume of 1,436,730 shares, compared to its average volume of 1,276,227. The company has a quick ratio of 96.80, a current ratio of 96.80 and a debt-to-equity ratio of 3.47. The firm has a market cap of $502.01 million, a price-to-earnings ratio of 13.78 and a beta of 0.97. The company has a 50 day moving average of $7.21 and a 200-day moving average of $8.40. Franklin BSP Realty Trust has a 52 week low of $5.90 and a 52 week 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. Investors of record on Wednesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 13.2%. The ex-dividend date was Wednesday, September 30th. Franklin BSP Realty Trust’s dividend payout ratio is presently 181.82%.

Analyst Ratings Changes

FBRT has been the topic of several analyst reports. Weiss Ratings downgraded Franklin BSP Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Citizens Jmp reiterated a “market outperform” rating and issued a $11.00 target price on shares of Franklin BSP Realty Trust in a report on Monday, July 6th. UBS Group set a $10.00 target price on shares of Franklin BSP Realty Trust in a research report on Wednesday, September 23rd. Citigroup restated a “market outperform” rating on shares of Franklin BSP Realty Trust in a report on Wednesday, September 23rd. Finally, BTIG Research downgraded Franklin BSP Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, September 18th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.00.

Franklin BSP Realty Trust Company Profile

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.