Franklin BSP Realty Trust, Inc. (NYSE:FBRT) to Issue Quarterly Dividend of $0.36

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced a quarterly dividend on Tuesday, December 16th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.355 per share on Monday, January 12th. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Franklin BSP Realty Trust has decreased its dividend by an average of 0.0%per year over the last three years. Franklin BSP Realty Trust has a payout ratio of 103.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Franklin BSP Realty Trust to earn $1.49 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 95.3%.

Franklin BSP Realty Trust Stock Performance

Franklin BSP Realty Trust stock traded down $0.10 during trading on Tuesday, reaching $10.59. The company had a trading volume of 707,957 shares, compared to its average volume of 555,227. The firm has a market capitalization of $863.81 million, a price-to-earnings ratio of 13.23 and a beta of 1.00. The company has a current ratio of 67.81, a quick ratio of 67.81 and a debt-to-equity ratio of 3.32. The firm’s 50-day simple moving average is $10.39 and its 200 day simple moving average is $10.78. Franklin BSP Realty Trust has a 52 week low of $9.71 and a 52 week high of $13.58.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. purchased a new stake in Franklin BSP Realty Trust during the 3rd quarter valued at approximately $112,000. Centaurus Financial Inc. boosted its position in shares of Franklin BSP Realty Trust by 15.5% during the third quarter. Centaurus Financial Inc. now owns 17,518 shares of the company’s stock worth $190,000 after acquiring an additional 2,345 shares during the last quarter. Danske Bank A S bought a new position in shares of Franklin BSP Realty Trust during the third quarter worth $45,000. Dark Forest Capital Management LP purchased a new position in Franklin BSP Realty Trust during the third quarter valued at $1,304,000. Finally, Verition Fund Management LLC purchased a new position in Franklin BSP Realty Trust during the third quarter valued at $120,000. 59.87% of the stock is owned by hedge funds and other institutional investors.

About Franklin BSP Realty Trust

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).