BrightSpire Capital (NYSE:BRSP) Receives "Sell (D)" Rating from Weiss Ratings

Key Points

• BrightSpire Capital has received a "sell (D)" rating from Weiss Ratings, indicating negative sentiment towards the stock.
• Barclays has adjusted its target price for BrightSpire Capital to $5.00, down from $7.00, while Jones Trading set a higher target price of $6.50, resulting in a mixed outlook among analysts.
• The stock's current average rating is "Hold" with a consensus price target of $6.79, reflecting a cautious stance among investors amidst recent fluctuations in trading performance.

BrightSpire Capital (NYSE:BRSP - Get Free Report)'s stock had its "sell (d)" rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

BRSP has been the topic of several other research reports. Barclays reaffirmed an "underweight" rating and set a $5.00 target price (down previously from $7.00) on shares of BrightSpire Capital in a research note on Tuesday, July 8th. Jones Trading reaffirmed a "buy" rating and set a $6.50 target price on shares of BrightSpire Capital in a research note on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, BrightSpire Capital presently has an average rating of "Hold" and a consensus price target of $6.79.

BrightSpire Capital Trading Up 0.5%

BRSP traded up $0.03 during trading on Tuesday, reaching $5.27. The company had a trading volume of 187,182 shares, compared to its average volume of 708,152. The firm's 50-day simple moving average is $5.59 and its 200 day simple moving average is $5.24. The company has a market cap of $684.42 million, a price-to-earnings ratio of -23.93 and a beta of 1.54. BrightSpire Capital has a 12-month low of $4.16 and a 12-month high of $6.45. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.54 and a current ratio of 0.54.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $37.88 million for the quarter. BrightSpire Capital had a positive return on equity of 7.74% and a negative net margin of 16.92%. Equities research analysts anticipate that BrightSpire Capital will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nomura Holdings Inc. acquired a new position in shares of BrightSpire Capital during the first quarter worth approximately $18,085,000. Cetera Investment Advisers lifted its holdings in shares of BrightSpire Capital by 4.5% during the first quarter. Cetera Investment Advisers now owns 74,753 shares of the company's stock worth $416,000 after buying an additional 3,224 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of BrightSpire Capital by 44.1% during the first quarter. J.W. Cole Advisors Inc. now owns 227,434 shares of the company's stock worth $1,265,000 after buying an additional 69,577 shares during the last quarter. Almitas Capital LLC lifted its holdings in shares of BrightSpire Capital by 34.3% during the first quarter. Almitas Capital LLC now owns 478,415 shares of the company's stock worth $2,660,000 after buying an additional 122,093 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of BrightSpire Capital during the first quarter valued at approximately $62,000. 56.57% of the stock is currently owned by institutional investors and hedge funds.

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.

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