BrightSpire Capital (NYSE:BRSP) Stock Gets Downgrade from Wall Street Zen

BrightSpire Capital (NYSE:BRSP) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Several other research analysts have also commented on BRSP. Citigroup reiterated a “market outperform” rating on shares of BrightSpire Capital in a research report on Wednesday, October 7th. Zacks Research lowered BrightSpire Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 14th. B. Riley Financial reduced their price objective on BrightSpire Capital from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Barclays reduced their price objective on BrightSpire Capital from $6.00 to $4.00 and set an “underweight” rating on the stock in a research note on Monday, October 5th. Finally, Citizens Jmp decreased their price objective on shares of BrightSpire Capital from $7.00 to $6.00 and set a “market outperform” rating for the company in a report on Wednesday, October 7th. Six research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

BrightSpire Capital Stock Up 0.1%

NYSE:BRSP opened at $3.67 on Friday. The company has a market capitalization of $463.70 million, a price-to-earnings ratio of -15.93, a price-to-earnings-growth ratio of 2.75 and a beta of 1.31. BrightSpire Capital has a one year low of $3.56 and a one year high of $6.16. The stock has a 50-day simple moving average of $4.25 and a 200 day simple moving average of $5.09. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.83 and a current ratio of 0.83.

BrightSpire Capital (NYSE:BRSP) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). BrightSpire Capital had a negative net margin of 20.43% and a positive return on equity of 7.01%. The firm had revenue of $48.67 million during the quarter, compared to the consensus estimate of $64.31 million. Sell-side analysts predict that BrightSpire Capital will post 0.44 EPS for the current fiscal year.

Institutional Trading of BrightSpire Capital

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of BrightSpire Capital during the 2nd quarter valued at $3,754,000. Independent Financial Group LLC bought a new stake in shares of BrightSpire Capital in the 1st quarter worth $270,000. Renaissance Technologies LLC lifted its holdings in shares of BrightSpire Capital by 18.8% in the first quarter. Renaissance Technologies LLC now owns 293,300 shares of the company’s stock valued at $1,642,000 after buying an additional 46,400 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of BrightSpire Capital by 56.8% in the first quarter. Quantinno Capital Management LP now owns 121,032 shares of the company’s stock valued at $678,000 after buying an additional 43,851 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of BrightSpire Capital by 93.9% in the first quarter. Sei Investments Co. now owns 82,373 shares of the company’s stock valued at $461,000 after buying an additional 39,900 shares during the period. Institutional investors and hedge funds own 56.57% of the company’s stock.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc is a commercial real estate finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, financing and managing a portfolio of commercial real estate debt and related investments.

BrightSpire’s investments primarily include senior mortgage loans, mezzanine loans, preferred equity and other real estate-related credit investments. Its portfolio may be secured by properties across several commercial real estate sectors, including office, multifamily, industrial, hospitality, retail and other specialized property types.

The company serves commercial real estate owners, operators and developers primarily in the United States.