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

BrightSpire Capital (NYSE:BRSP - Get Free Report)'s stock had its "underweight" rating reaffirmed by equities researchers at Barclays in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a $5.00 target price on the stock, down from their prior target price of $7.00. Barclays's target price indicates a potential downside of 0.60% from the company's current price.

Other equities research analysts also recently issued reports about the company. Industrial Alliance Securities set a $6.50 price target on BrightSpire Capital in a report on Wednesday, April 30th. Jones Trading restated a "buy" rating and issued a $6.50 price target on shares of BrightSpire Capital in a report on Wednesday, April 30th. Alliance Global Partners restated a "buy" rating on shares of BrightSpire Capital in a report on Wednesday, April 30th. Finally, JMP Securities reduced their price objective on 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. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, BrightSpire Capital presently has an average rating of "Moderate Buy" and an average target price of $6.79.

BrightSpire Capital Trading Down 1.4%

Shares of BrightSpire Capital stock traded down $0.07 during trading hours on Tuesday, hitting $5.03. The company's stock had a trading volume of 525,877 shares, compared to its average volume of 740,575. BrightSpire Capital has a 12 month low of $4.16 and a 12 month high of $6.71. The stock has a 50 day moving average of $5.18 and a 200 day moving average of $5.42. The company has a market capitalization of $656.21 million, a PE ratio of -8.98 and a beta of 1.47. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.46 and a quick ratio of 0.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BRSP. Private Management Group Inc. boosted its position in BrightSpire Capital by 2.7% during the first quarter. Private Management Group Inc. now owns 4,758,232 shares of the company's stock valued at $26,456,000 after purchasing an additional 125,500 shares during the last quarter. Nomura Holdings Inc. acquired a new position in BrightSpire Capital during the first quarter valued at approximately $18,085,000. Conversant Capital LLC boosted its position in BrightSpire Capital by 3.7% during the fourth quarter. Conversant Capital LLC now owns 2,801,223 shares of the company's stock valued at $15,799,000 after purchasing an additional 100,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BrightSpire Capital by 23.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,950,366 shares of the company's stock valued at $10,844,000 after purchasing an additional 368,414 shares during the last quarter. 56.57% of the stock is owned by institutional investors and hedge funds.

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.