Barclays analyst Terry Ma maintained a Hold rating on BrightSpire Capital (BRSP – Research Report) today and set a price target of $8.00. The company’s shares closed yesterday at $6.23.
Ma covers the Financial sector, focusing on stocks such as American Express, Synchrony Financial, and Bread Financial Holdings. According to TipRanks, Ma has an average return of 1.5% and a 56.67% success rate on recommended stocks.
Currently, the analyst consensus on BrightSpire Capital is a Hold with an average price target of $7.67.
Based on BrightSpire Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $102.76 million and a GAAP net loss of $16.33 million. In comparison, last year the company earned a revenue of $106.39 million and had a net profit of $4.24 million
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRSP in relation to earlier this year.
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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.
