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

BrightSpire Capital (NYSE:BRSP) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the company. JonesTrading restated a “buy” rating and set a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, July 29th. Weiss Ratings lowered shares of BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. B. Riley Financial dropped their target price on shares of BrightSpire Capital from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, BTIG Research upgraded shares of BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.50.

BrightSpire Capital Stock Down 0.1%

Shares of NYSE:BRSP opened at $5.12 on Friday. The company has a market capitalization of $647.15 million, a price-to-earnings ratio of -22.24 and a beta of 1.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50-day moving average is $5.39 and its 200-day moving average is $5.65. BrightSpire Capital has a 1 year low of $4.85 and a 1 year high of $6.16.

BrightSpire Capital (NYSE:BRSP) last announced 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). The business had revenue of $48.70 million for the quarter, compared to the consensus estimate of $64.31 million. BrightSpire Capital had a negative net margin of 20.43% and a positive return on equity of 7.01%. Equities research analysts predict that BrightSpire Capital will post 0.51 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRSP. North Ground Capital increased its holdings in shares of BrightSpire Capital by 21.2% during the fourth quarter. North Ground Capital now owns 3,054,552 shares of the company’s stock valued at $17,105,000 after acquiring an additional 534,552 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of BrightSpire Capital by 13.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,856,367 shares of the company’s stock worth $15,996,000 after purchasing an additional 348,931 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in shares of BrightSpire Capital by 13.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 2,335,970 shares of the company’s stock worth $12,684,000 after purchasing an additional 284,046 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BrightSpire Capital by 7.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,295,502 shares of the company’s stock valued at $12,465,000 after purchasing an additional 159,705 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in BrightSpire Capital by 15.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,242,261 shares of the company’s stock valued at $12,557,000 after purchasing an additional 305,264 shares during the period. 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.