JMP Securities analyst Steven Delaney reiterated a Buy rating on BrightSpire Capital (BRSP – Research Report) today and set a price target of $8.50. The company’s shares closed yesterday at $6.84.
Delaney covers the Real Estate sector, focusing on stocks such as Arbor Realty, Kkr Real Estate Finance, and Granite Point Mortgage. According to TipRanks, Delaney has an average return of 6.3% and a 52.68% success rate on recommended stocks.
BrightSpire Capital has an analyst consensus of Moderate Buy, with a price target consensus of $8.25.
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BRSP market cap is currently $861.8M and has a P/E ratio of 213.18.
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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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