BrightSpire Capital (NYSE:BRSP) Stock Rating Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded BrightSpire Capital from “Hold” to “Sell,” while the broader analyst consensus remains “Hold” with a $6.00 target price.
• BrightSpire shares opened at $3.67, near their 52-week low of $3.56, and trade below both their 50-day ($4.25) and 200-day ($5.09) moving averages.
• The company missed quarterly expectations, reporting $0.13 in EPS versus a $0.15 estimate and revenue of $48.67 million versus $64.31 million expected; institutional investors own 56.57% of the stock.

BrightSpire Capital (NYSE:BRSP - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts also recently issued reports on BRSP. The Goldman Sachs Group raised BrightSpire Capital to a "buy" rating in a research note on Wednesday, October 7th. Citizens Jmp cut their price target on BrightSpire Capital from $7.00 to $6.00 and set a "market outperform" rating for the company in a research note on Wednesday, October 7th. Weiss Ratings downgraded BrightSpire Capital from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, September 4th. JonesTrading restated a "buy" rating and issued a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, July 29th. Finally, B. Riley Financial decreased 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. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, BrightSpire Capital has a consensus rating of "Hold" and a consensus target price of $6.00.

BrightSpire Capital Stock Up 0.4%

NYSE BRSP opened at $3.67 on Friday. The business has a fifty day moving average price of $4.25 and a two-hundred day moving average price of $5.09. BrightSpire Capital has a fifty-two week low of $3.56 and a fifty-two week high of $6.16. 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 stock has a market capitalization of $463.70 million, a PE ratio of -15.93, a PEG ratio of 2.74 and a beta of 1.31.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (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 company had revenue of $48.67 million for the quarter, compared to analyst estimates of $64.31 million. Equities analysts expect that BrightSpire Capital will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in BrightSpire Capital during the second quarter valued at $26,000. Integrated Wealth Concepts LLC bought a new stake in BrightSpire Capital during the 2nd quarter valued at $31,000. Cassaday & Co Wealth Management LLC acquired a new stake in BrightSpire Capital in the first quarter valued at approximately $32,000. Axiom Investment Management LLC purchased a new stake in BrightSpire Capital in the first quarter valued at about $33,000. Finally, Fermata Advisors LLC purchased a new position in BrightSpire Capital in the 3rd quarter worth $40,000. 56.57% of the stock is currently owned by institutional investors.

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.

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