In a report released on January 5, Sarah Barcomb from BTIG maintained a Hold rating on BrightSpire Capital (BRSP – Research Report). The company’s shares closed last Friday at $7.30.
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 8.9% and a 65.79% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for BrightSpire Capital with a $7.00 average price target.
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The company has a one-year high of $7.81 and a one-year low of $4.77. Currently, BrightSpire Capital has an average volume of 841.6K.
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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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