BrightSpire Capital (NYSE:BRSP - Get Free Report) had its target price cut by equities research analysts at Jones Trading from $7.25 to $6.50 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jones Trading's target price indicates a potential upside of 42.36% from the company's previous close.
A number of other equities analysts have also recently weighed in on the company. B. Riley reduced their price target on BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Alliance Global Partners assumed coverage on shares of BrightSpire Capital in a research note on Friday, January 17th. They issued a "buy" rating and a $7.25 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, BrightSpire Capital has an average rating of "Moderate Buy" and an average target price of $7.25.
View Our Latest Analysis on BRSP
BrightSpire Capital Stock Performance
NYSE:BRSP traded up $0.14 during mid-day trading on Thursday, hitting $4.57. The company's stock had a trading volume of 170,498 shares, compared to its average volume of 764,113. The business's fifty day moving average is $5.55 and its two-hundred day moving average is $5.75. The stock has a market cap of $596.58 million, a price-to-earnings ratio of -4.36 and a beta of 1.54. BrightSpire Capital has a 1 year low of $4.16 and a 1 year high of $6.71. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.70 and a quick ratio of 0.73.
BrightSpire Capital (NYSE:BRSP - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $17.46 million during the quarter, compared to analysts' expectations of $65.81 million. BrightSpire Capital had a positive return on equity of 8.82% and a negative net margin of 79.23%. During the same quarter in the prior year, the company posted $0.28 EPS. Analysts anticipate that BrightSpire Capital will post 0.67 EPS for the current fiscal year.
Institutional Investors Weigh In On BrightSpire Capital
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new stake in shares of BrightSpire Capital in the 4th quarter worth $37,000. Brevan Howard Capital Management LP acquired a new stake in BrightSpire Capital during the fourth quarter worth about $57,000. Winthrop Advisory Group LLC acquired a new position in BrightSpire Capital in the 4th quarter valued at about $61,000. Dark Forest Capital Management LP purchased a new stake in shares of BrightSpire Capital in the 4th quarter valued at approximately $64,000. Finally, Fermata Advisors LLC purchased a new stake in shares of BrightSpire Capital during the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 56.57% of the company's stock.
BrightSpire Capital Company Profile
(
Get Free Report)
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.
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