Citizens JMP has revised its price target for BrightSpire Capital (BRSP, Financial), lowering it from $7.50 to $6.50. Despite this adjustment, the firm maintains an Outperform rating on the stock. The revision comes as part of an earnings preview for the Commercial Mortgage REIT/Commercial Real Estate Finance sector.
The firm noted that Mortgage REITs have generally outperformed other equity market indices at the start of 2025, largely due to a favorable interest rate outlook anticipated for the first quarter. Citizens highlighted that the Federal Reserve's interest rate policy remains a crucial factor influencing CMREIT valuations. However, ongoing recessionary concerns have put pressure on valuations since April began.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for BrightSpire Capital Inc (BRSP, Financial) is $6.92 with a high estimate of $8.00 and a low estimate of $6.25. The average target implies an upside of 56.13% from the current price of $4.43. More detailed estimate data can be found on the BrightSpire Capital Inc (BRSP) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, BrightSpire Capital Inc's (BRSP, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BrightSpire Capital Inc (BRSP, Financial) in one year is $6.29, suggesting a upside of 41.99% from the current price of $4.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BrightSpire Capital Inc (BRSP) Summary page.
