BrightSpire Capital (NYSE:BRSP) Rating Lowered to Sell at Wall Street Zen

BrightSpire Capital (NYSE:BRSP) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Monday.

A number of other analysts also recently issued reports on BRSP. JonesTrading reissued a “buy” rating and issued a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, July 29th. Weiss Ratings cut shares of BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Finally, B. Riley Financial dropped their price target on shares of BrightSpire Capital from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.50.

BrightSpire Capital Stock Performance

NYSE:BRSP opened at $4.87 on Monday. The stock has a 50 day simple moving average of $5.23 and a 200 day simple moving average of $5.56. The stock has a market cap of $615.52 million, a P/E ratio of -21.15, a PEG ratio of 3.49 and a beta of 1.29. BrightSpire Capital has a 1-year low of $4.80 and a 1-year high of $6.16. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.75.

BrightSpire Capital (NYSE:BRSP) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 $48.70 million during the quarter, compared to analyst estimates of $64.31 million. Research analysts anticipate that BrightSpire Capital will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of BrightSpire Capital in the second quarter worth about $26,000. Financial Gravity Asset Management Inc. grew its holdings in shares of BrightSpire Capital by 59.2% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 4,835 shares of the company’s stock valued at $27,000 after purchasing an additional 1,798 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of BrightSpire Capital during the 1st quarter valued at approximately $32,000. Axiom Investment Management LLC acquired a new position in BrightSpire Capital during the 1st quarter worth approximately $33,000. Finally, National Bank of Canada FI lifted its stake in BrightSpire Capital by 50.0% in the 3rd quarter. National Bank of Canada FI now owns 7,500 shares of the company’s stock valued at $41,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 56.57% of the company’s stock.

About BrightSpire Capital

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.