In a report released on December 28, Sarah Barcomb from BTIG maintained a Hold rating on BrightSpire Capital (BRSP – Research Report). The company’s shares closed last Friday at $7.44.
Barcomb covers the Real Estate sector, focusing on stocks such as Blackstone Mortgage, Kkr Real Estate Finance, and Apollo Real Estate. According to TipRanks, Barcomb has an average return of 17.6% and a 96.43% success rate on recommended stocks.
BrightSpire Capital has an analyst consensus of Hold, with a price target consensus of $7.00.
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Based on BrightSpire Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $102.73 million and a net profit of $12.39 million. In comparison, last year the company earned a revenue of $95.53 million and had a GAAP net loss of $20.46 million
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BrightSpire Capital (BRSP) Company Description:
Colony Credit Real Estate, Inc. operates as a real estate investment trust. It originates, acquires, finances, and manages diversified portfolio consisting primarily of commercial real estate (CRE) senior mortgage loans, mezzanine loans, preferred equity, debt securities and net leased properties predominantly in the United States. It operates through the following segments: Loan Portfolio, CRE Debt Securities, Net Leased Real Estate, Other, and Corporate. The Loan Portfolio segment focuses on CRE debt investments. The CRE Debt Securities segment consists of investing in CMBS. The Net Leased Real Estate segment comprises of investments in commercial real estate. The other segment includes direct investments in non core operating real estate. The Corporate segment deals with corporate level asset management and other fees, related party and general and administrative expenses. The company was founded on August 23, 2017 and is headquartered in Los Angeles, CA.
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