BrightSpire Capital (NYSE:BRSP) Stock Rating Upgraded by Wall Street Zen

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

Other analysts have also recently issued reports about the stock. BTIG Research upgraded shares of BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Wednesday, April 22nd. JonesTrading reiterated a “buy” rating and issued a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, July 29th. Weiss Ratings downgraded 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 cut their target price 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 given a Sell rating to the company. According to MarketBeat, BrightSpire Capital currently has an average rating of “Hold” and an average target price of $6.50.

BrightSpire Capital Stock Performance

Shares of BRSP opened at $4.86 on Friday. The firm has a market cap of $614.89 million, a price-to-earnings ratio of -21.13, a price-to-earnings-growth ratio of 3.56 and a beta of 1.29. The company’s fifty day moving average is $5.32 and its 200-day moving average is $5.61. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.75. BrightSpire Capital has a 12 month low of $4.82 and a 12 month high of $6.16.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). BrightSpire Capital had a positive return on equity of 7.01% and a negative net margin of 20.43%.The business had revenue of $48.70 million for the quarter, compared to analyst estimates of $64.31 million. Equities analysts expect that BrightSpire Capital will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On BrightSpire Capital

A number of institutional investors have recently added to or reduced their stakes in BRSP. Public Employees Retirement System of Ohio bought a new position in BrightSpire Capital in the second quarter worth $26,000. Financial Gravity Asset Management Inc. increased its holdings in BrightSpire Capital by 59.2% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 4,835 shares of the company’s stock valued at $27,000 after buying an additional 1,798 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in BrightSpire Capital in the 1st quarter valued at $32,000. Axiom Investment Management LLC acquired a new position in shares of BrightSpire Capital in the 1st quarter valued at $33,000. Finally, National Bank of Canada FI raised its stake in shares of 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 buying an additional 2,500 shares in the last quarter. 56.57% of the stock is owned by institutional investors and hedge funds.

BrightSpire Capital Company Profile

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.