Fifth Street Senior Floating Rate Corp Given Average Rating of “Buy” by Analysts (NASDAQ:FSFR)
Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) has been given an average recommendation of “Buy” by the seven brokerages that are currently covering the company, American Banking and Market News reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $15.77.
FSFR has been the subject of a number of recent research reports. Analysts at MLV & Co
initiated coverage on shares of Fifth Street Senior Floating Rate Corp in a research note on Thursday. They set a “buy” rating and a $16.00 price target on the stock. Analysts at Zacks upgraded shares of Fifth Street Senior Floating Rate Corp from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $15.60 price target on the stock.
Shares of Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) traded up 0.27% on Thursday, hitting $14.4896. The stock had a trading volume of 5,601 shares. Fifth Street Senior Floating Rate Corp has a 52-week low of $11.62 and a 52-week high of $15.10. The stock’s 50-day moving average is $14.3 and its 200-day moving average is $13.8.
Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. On average, analysts predict that Fifth Street Senior Floating Rate Corp will post $1.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date of this dividend is Thursday, September 11th.
Fifth Street Senior Floating Rate Corp. is a closed-end, non-diversified management investment company.
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