JMP Securities analyst Steven Delaney reiterated a Hold rating on Franklin BSP Realty Trust (FBRT – Research Report) today. The company’s shares opened today at $14.61.
Delaney covers the Real Estate sector, focusing on stocks such as Walker & Dunlop, Redwood, and Arbor Realty. According to TipRanks, Delaney has an average return of 8.4% and a 56.13% success rate on recommended stocks.
Franklin BSP Realty Trust has an analyst consensus of Strong Buy, with a price target consensus of $15.17.
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Based on Franklin BSP Realty Trust’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $62.77 million and a net profit of $43.84 million. In comparison, last year the company earned a revenue of $2.31 million and had a GAAP net loss of $24.4 million
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.
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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