BrightSpire Capital's (BRSP) "Underweight" Rating Reaffirmed at Barclays

BrightSpire Capital (NYSE:BRSP - Get Free Report)'s stock had its "underweight" rating restated by stock analysts at Barclays in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $5.00 price objective on the stock, down from their previous price objective of $7.00. Barclays's target price indicates a potential downside of 0.79% from the stock's current price.

Several other equities analysts have also weighed in on BRSP. JMP Securities reduced their price target on shares of BrightSpire Capital from $7.50 to $6.50 and set a "market outperform" rating for the company in a research report on Tuesday, April 22nd. Jones Trading reiterated a "buy" rating and set a $6.50 target price on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Alliance Global Partners reissued a "buy" rating on shares of BrightSpire Capital in a research report on Wednesday, April 30th. Finally, Industrial Alliance Securities set a $6.50 price target on shares of BrightSpire Capital in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.79.

BrightSpire Capital Stock Performance

Shares of BRSP traded down $0.08 on Tuesday, reaching $5.04. 1,755,765 shares of the company's stock traded hands, compared to its average volume of 741,507. The stock's 50 day simple moving average is $5.19 and its two-hundred day simple moving average is $5.44. The stock has a market cap of $657.52 million, a PE ratio of -9.00 and a beta of 1.47. BrightSpire Capital has a 52-week low of $4.16 and a 52-week high of $6.71. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.67.

Hedge Funds Weigh In On BrightSpire Capital

Hedge funds have recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in BrightSpire Capital in the 4th quarter worth about $37,000. Brevan Howard Capital Management LP purchased a new position in shares of BrightSpire Capital during the fourth quarter worth about $57,000. Aigen Investment Management LP bought a new position in shares of BrightSpire Capital in the first quarter worth approximately $57,000. M&T Bank Corp purchased a new stake in BrightSpire Capital in the first quarter valued at approximately $62,000. Finally, Dark Forest Capital Management LP bought a new stake in BrightSpire Capital during the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 56.57% of the company's stock.

About BrightSpire Capital

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.