Alliance Global Partners analyst Gaurav Mehta initiated coverage of BrightSpire Capital (BRSP) with a Buy rating and $7.25 price target BrightSpire is an internally managed commercial real estate credit REIT, notes the firm, whose Buy rating is based on restart of new loan originations, a balance sheet with “ample liquidity,” a dividend yield of 11.2% and risk/reward the firm views as “skewed to the upside” at the current valuation, the analyst tells investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BRSP: