In a report released yesterday, Matthew Erdner from JonesTrading reiterated a Buy rating on Franklin BSP Realty Trust (FBRT – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $13.39.
Franklin BSP Realty Trust has an analyst consensus of Strong Buy, with a price target consensus of $15.17, implying a 13.29% upside from current levels. In a report released on July 17, BTIG also assigned a Buy rating to the stock with a $15.00 price target.
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FBRT market cap is currently $1.11B and has a P/E ratio of 22.82.
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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