Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) declared 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 13.6%. The ex-dividend date is Wednesday, December 31st.
Franklin BSP Realty Trust has decreased its dividend payment by an average of 0.0%annually over the last three years. Franklin BSP Realty Trust has a payout ratio of 103.6% meaning 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 Price Performance
Shares of NYSE FBRT opened at $10.46 on Monday. 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 company’s 50-day moving average price is $10.37 and its 200 day moving average price is $10.76. Franklin BSP Realty Trust has a 52 week low of $9.71 and a 52 week high of $13.58. The stock has a market cap of $853.23 million, a price-to-earnings ratio of 13.07 and a beta of 1.00.
Franklin BSP Realty Trust Company Profile
Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.
By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.
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