In a report released yesterday, Steven Delaney from JMP Securities reiterated a Hold rating on Franklin BSP Realty Trust (FBRT – Research Report). The company’s shares closed yesterday at $14.38.
Delaney covers the Financial sector, focusing on stocks such as Ares Commercial, Lument Finance Trust, and Ready Capital. According to TipRanks, Delaney has an average return of 7.8% and a 52.99% success rate on recommended stocks.
Currently, the analyst consensus on Franklin BSP Realty Trust is a Moderate Buy with an average price target of $16.00.
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FBRT market cap is currently $1.09B and has a P/E ratio of -5.42.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FBRT in relation to earlier this year.
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Franklin BSP Realty Trust Inc is a private real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States.
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