Barclays Reaffirms "Underweight" Rating for BrightSpire Capital (NYSE:BRSP)

BrightSpire Capital (NYSE:BRSP - Get Free Report)'s stock had its "underweight" rating reaffirmed by Barclays in a report issued on Tuesday, Marketbeat.com reports. They presently have a $5.00 price objective on the stock, down from their prior price objective of $7.00. Barclays's price objective indicates a potential downside of 2.25% from the stock's current price.

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

BrightSpire Capital Trading Up 1.7%

BrightSpire Capital stock traded up $0.09 during trading hours on Tuesday, reaching $5.12. The company had a trading volume of 107,317 shares, compared to its average volume of 740,264. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.46 and a quick ratio of 0.46. The company has a 50-day moving average price of $5.19 and a 200 day moving average price of $5.44. The firm has a market cap of $667.30 million, a price-to-earnings ratio of -9.12 and a beta of 1.47. BrightSpire Capital has a 12-month low of $4.16 and a 12-month high of $6.71.

Institutional Investors Weigh In On BrightSpire Capital

Several hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC boosted its position in shares of BrightSpire Capital by 61.9% during the first quarter. Voya Investment Management LLC now owns 75,486 shares of the company's stock valued at $420,000 after purchasing an additional 28,864 shares in the last quarter. Strs Ohio bought a new stake in shares of BrightSpire Capital during the first quarter valued at approximately $128,000. Jane Street Group LLC boosted its position in shares of BrightSpire Capital by 257.9% during the first quarter. Jane Street Group LLC now owns 286,724 shares of the company's stock valued at $1,594,000 after purchasing an additional 206,610 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of BrightSpire Capital by 9.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 328,809 shares of the company's stock valued at $1,828,000 after purchasing an additional 27,713 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of BrightSpire Capital by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company's stock valued at $11,184,000 after purchasing an additional 46,749 shares in the last quarter. 56.57% of the stock is currently owned by institutional investors.

BrightSpire Capital Company Profile

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.