B.Riley Highlights BrightSpire’s (BRSP) Strong Liquidity Supporting 2026 Loan Originations

BrightSpire Capital, Inc. (NYSE:BRSP) ranks among the most undervalued REIT stocks to buy right now. On January 5, B.Riley began coverage of BrightSpire Capital, Inc. (NYSE:BRSP) with a Buy rating and a $7.50 price target. According to analyst Timothy D’Agostino, the company’s shares currently trade at about 80% of their GAAP book value, a price premium that he projects to decrease in 2026.

The firm’s upbeat forecast is based on BrightSpire’s solid liquidity position, which includes $280 million in cash and $1.1 billion in master repurchase capabilities. According to B.Riley, this should support higher loan origination activities in 2026.

B.Riley also noted that BrightSpire’s credit quality has improved year-to-date, with the watch list down to five loans worth $182 million as of September 30, as opposed to seven loans making up $411 million at the end of 2024.

BrightSpire Capital, Inc. (NYSE:BRSP) is a commercial real estate credit REIT that focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments and net-leased real estate investments.

While we acknowledge the potential of BRSP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BRSP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.