Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Rating) announced a quarterly dividend on Thursday, June 16th, Zacks reports. Investors of record on Thursday, June 30th will be paid a dividend of 0.355 per share on Monday, July 11th. This represents a $1.42 annualized dividend and a yield of 10.07%. The ex-dividend date is Wednesday, June 29th.
Shares of FBRT opened at $14.10 on Friday. The company’s fifty day moving average is $14.32 and its 200 day moving average is $14.21. Franklin BSP Realty Trust has a fifty-two week low of $12.45 and a fifty-two week high of $17.74. The stock has a market capitalization of $1.18 billion, a PE ratio of -5.60 and a beta of 1.31. The company has a debt-to-equity ratio of 7.73, a quick ratio of 131.32 and a current ratio of 131.32.
FBRT has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $15.00 price objective on shares of Franklin BSP Realty Trust in a research report on Thursday, March 10th. Jonestrading initiated coverage on shares of Franklin BSP Realty Trust in a research report on Friday, April 8th. They set a “buy” rating and a $17.00 price objective on the stock.
Franklin BSP Realty Trust Company Profile (Get Rating)
Franklin BSP Realty Trust, Inc, a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt secured by properties located in the United States. The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment.
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