JMP Securities upgraded Franklin BSP Realty Trust to Outperform from Market Perform with a $15 price target following the Q3 report. Franklin has built a defensive loan portfolio with 78% of loans backed by multifamily properties, the analyst tells investors in a research note. The firm believes conduit lending should improve in 2024.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>