JMP Securities analyst Steven Delaney reiterated a Hold rating on Franklin BSP Realty Trust (FBRT – Research Report) yesterday. The company’s shares closed yesterday at $12.40.
According to TipRanks, Delaney is a 4-star analyst with an average return of 4.2% and a 46.97% success rate. Delaney covers the Financial sector, focusing on stocks such as Tpg Re Finance, Ares Commercial, and MFA Financial.
Currently, the analyst consensus on Franklin BSP Realty Trust is a Strong Buy with an average price target of $14.75.
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Based on Franklin BSP Realty Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.72 million and a net profit of $27.38 million. In comparison, last year the company earned a revenue of $2.31 million and had a GAAP net loss of $22.51 million
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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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