BTIG analyst Sarah Barcomb maintained a Buy rating on Franklin BSP Realty Trust (FBRT – Research Report) yesterday and set a price target of $15.00. The company’s shares closed yesterday at $14.35.
Barcomb covers the Real Estate sector, focusing on stocks such as Tpg Re Finance, Franklin BSP Realty Trust, and Ares Commercial. According to TipRanks, Barcomb has an average return of 15.0% and a 100.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Franklin BSP Realty Trust with a $15.38 average price target, which is a 7.18% upside from current levels. In a report released on June 2, JonesTrading also reiterated a Buy rating on the stock with a $16.00 price target.
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FBRT market cap is currently $1.18B and has a P/E ratio of 24.17.
Based on the recent corporate insider activity of 19 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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