BrightSpire CapitalBRSP
Market Cap: 831M
About: BrightSpire Capital Inc is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. CRE debt investments consist of first mortgage loans with the objective of generating consistent risk-adjusted returns. The operating segments of the company are Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, Corporate and Other. Geographically, the company generates revenue from the United States.
Employees: 55
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
709% more call options, than puts
Call options by funds: $1M | Put options by funds: $124K
60% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 48
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]
2.28% less ownership
Funds ownership: 56.53% [Q4 2023] → 54.25% (-2.28%) [Q1 2024]
7% less funds holding
Funds holding: 199 [Q4 2023] → 185 (-14) [Q1 2024]
13% less capital invested
Capital invested by funds: $559M [Q4 2023] → $486M (-$73M) [Q1 2024]
40% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 35
Research analyst outlook
2 Wall Street Analysts provided 1 year price forecasts over the past 6 months
2 analyst ratings
Barclays Terry Ma | 10%upside $7 | Equal-Weight Maintained | 2 May 2024 |
B of A Securities Eric Dray | 2%upside $6.5 | Underperform Downgraded | 4 Mar 2024 |
Financial journalist opinion
Based on 4 articles about BRSP published over the past 30 days