Citizens JMP analyst Steven DeLaney raised the firm’s price target on Franklin BSP Realty Trust (FBRT) to $15 from $14.50 and keeps an Outperform rating on the shares. Franklin BSP Realty Trust has performed well through this cycle due to a concentration in multifamily credit assets, and the company is now adding a new business line that positions it to be a leading multi-channel commercial mortgage REIT, the analyst tells investors in a research note.
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