FRA 📈 BlackRock Floating Rate Income
Exchange: NYSE • Opening Hours • Country: USA • Currency: USD • Type: Fund • ISIN: US09255X1000 • Bank Loan
FRA: Bonds, Loans, Debt Securities, Floating Rate Notes
Please provide the description of BlackRock Floating Rate Income Strategies Closed Fund (NYSE:FRA) that you'd like me to rephrase. I'll add more details from my own knowledge and surround each passage with
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Additional Sources for FRA Fund
News:
Wall Street Journal
Benzinga
Yahoo Finance
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
FRA Fund Overview
| Market Cap in USD | 452m |
| Style | Bank Loan |
| TER | 1.72% |
| IPO / Inception | 2003-10-31 |
FRA Fund Ratings
| Growth 5y | 76.2 |
| Fundamental | - |
| Dividend | 94.0 |
| Rel. Performance vs Sector | -0.07 |
| Analysts | - |
| Fair Price Momentum | 15.62 USD |
| Fair Price DCF | - |
FRA Dividends
| Dividend Yield 12m | 9.80% |
| Yield on Cost 5y | 16.35% |
| Dividends CAGR 5y | 8.70% |
| Payout Consistency | 93.70% |
FRA Growth Ratios
| Growth Correlation 3m | 97.9% |
| Growth Correlation 12m | 97.2% |
| Growth Correlation 5y | 86.3% |
| CAGR 5y | 10.79% |
| CAGR/Mean DD 5y | 1.95 |
| Sharpe Ratio 12m | 2.09 |
| Alpha vs SP500 12m | 10.11 |
| Beta vs SP500 5y weekly | 0.59 |
| Volatility GJR Garch 1y | 12.01% |
| Current Volume | 125.8k |
| Average Volume 20d | 135.1k |
What is the price of FRA stocks?
As of November 21, 2024, the stock is trading at USD 13.92 with a total of 125,791 shares traded.
Over the past week, the price has changed by +0.10%, over one month by +2.44%, over three months by +11.60% and over the past year by +30.57%.
As of November 21, 2024, the stock is trading at USD 13.92 with a total of 125,791 shares traded.
Over the past week, the price has changed by +0.10%, over one month by +2.44%, over three months by +11.60% and over the past year by +30.57%.
Is BlackRock Floating Rate Income a good stock to buy?
Yes. Based on ValueRay Analyses, BlackRock Floating Rate Income (NYSE:FRA) is currently (November 2024) a good stock to buy. It has a ValueRay Growth Rating of 76.19 and therefor a clear technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FRA as of November 2024 is 15.62. This means that FRA is currently undervalued and has a potential upside of +12.21% (Margin of Safety).
Yes. Based on ValueRay Analyses, BlackRock Floating Rate Income (NYSE:FRA) is currently (November 2024) a good stock to buy. It has a ValueRay Growth Rating of 76.19 and therefor a clear technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FRA as of November 2024 is 15.62. This means that FRA is currently undervalued and has a potential upside of +12.21% (Margin of Safety).
Is FRA a buy, sell or hold?
BlackRock Floating Rate Income has no consensus analysts rating.
BlackRock Floating Rate Income has no consensus analysts rating.
What are the forecast for FRA stock price target?
According to ValueRays Forecast Model, FRA BlackRock Floating Rate Income will be worth about 17.1 in November 2025. The stock is currently trading at 13.92. This means that the stock has a potential upside of +23.13%.
According to ValueRays Forecast Model, FRA BlackRock Floating Rate Income will be worth about 17.1 in November 2025. The stock is currently trading at 13.92. This means that the stock has a potential upside of +23.13%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 17.1 | 23.1% |