JMP Securities Has Lowered Expectations for BrightSpire Capital (NYSE:BRSP) Stock Price

BrightSpire Capital (NYSE:BRSP) had its target price lowered by analysts at JMP Securities from $7.50 to $6.50 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 46.73% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. B. Riley reduced their target price on BrightSpire Capital from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Jones Trading reduced their target price on shares of BrightSpire Capital from $7.25 to $6.50 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Alliance Global Partners began coverage on BrightSpire Capital in a research report on Friday, January 17th. They issued a “buy” rating and a $7.25 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, BrightSpire Capital currently has a consensus rating of “Moderate Buy” and an average price target of $7.25.

BrightSpire Capital Stock Performance

Shares of BRSP opened at $4.43 on Tuesday. The company has a market capitalization of $578.81 million, a price-to-earnings ratio of -4.22 and a beta of 1.54. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.73 and a current ratio of 0.70. BrightSpire Capital has a 1 year low of $4.16 and a 1 year high of $6.71. The company’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $5.75.

BrightSpire Capital (NYSE:BRSP) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The company had revenue of $17.46 million for the quarter, compared to analyst estimates of $65.81 million. During the same period in the prior year, the company earned $0.28 EPS. On average, sell-side analysts predict that BrightSpire Capital will post 0.67 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in BrightSpire Capital by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company’s stock worth $2,018,000 after purchasing an additional 2,798 shares in the last quarter. Allegiance Financial Group Advisory Services LLC grew its position in shares of BrightSpire Capital by 30.3% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company’s stock worth $108,000 after acquiring an additional 4,434 shares in the last quarter. Atria Investments Inc increased its holdings in shares of BrightSpire Capital by 18.2% in the 4th quarter. Atria Investments Inc now owns 35,869 shares of the company’s stock valued at $202,000 after acquiring an additional 5,531 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of BrightSpire Capital by 5.3% in the 1st quarter. Merit Financial Group LLC now owns 112,222 shares of the company’s stock valued at $624,000 after acquiring an additional 5,647 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC raised its position in shares of BrightSpire Capital by 18.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 36,164 shares of the company’s stock valued at $204,000 after acquiring an additional 5,749 shares in the last quarter. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.