JMP Securities Has Lowered Expectations for BrightSpire Capital (NYSE:BRSP) Stock Price

BrightSpire Capital (NYSE:BRSP - Get Free Report) had its price target decreased by analysts at JMP Securities from $7.50 to $6.50 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. JMP Securities' price target would indicate a potential upside of 36.27% from the company's previous close.

Several other research firms have also weighed in on BRSP. Jones Trading reduced their price target on BrightSpire Capital from $7.25 to $6.50 and set a "buy" rating on the stock in a research note on Thursday, April 17th. B. Riley dropped their target price on shares of BrightSpire Capital from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, 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 for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $7.25.

BrightSpire Capital Trading Up 0.8 %

BrightSpire Capital stock traded up $0.04 during trading hours on Tuesday, reaching $4.77. The company had a trading volume of 408,422 shares, compared to its average volume of 768,596. The firm has a market cap of $623.24 million, a price-to-earnings ratio of -4.54 and a beta of 1.54. BrightSpire Capital has a 12-month low of $4.16 and a 12-month 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. The company has a 50-day moving average price of $5.45 and a 200 day moving average price of $5.73.

BrightSpire Capital (NYSE:BRSP - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). BrightSpire Capital had a negative net margin of 79.23% and a positive return on equity of 8.82%. The company had revenue of $17.46 million for the quarter, compared to the consensus estimate of $65.81 million. During the same period in the previous year, the firm posted $0.28 EPS. Equities analysts forecast that BrightSpire Capital will post 0.67 earnings per share for the current year.

Hedge Funds Weigh In On BrightSpire Capital

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in BrightSpire Capital by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 357,844 shares of the company's stock valued at $2,018,000 after purchasing an additional 2,798 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its position in shares of BrightSpire Capital by 30.3% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 19,087 shares of the company's stock valued at $108,000 after acquiring an additional 4,434 shares in the last quarter. Atria Investments Inc increased its position in shares of BrightSpire Capital by 18.2% during the fourth quarter. Atria Investments Inc now owns 35,869 shares of the company's stock valued at $202,000 after acquiring an additional 5,531 shares in the last quarter. Merit Financial Group LLC raised its holdings in BrightSpire Capital by 5.3% in the 1st quarter. Merit Financial Group LLC now owns 112,222 shares of the company's stock worth $624,000 after acquiring an additional 5,647 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC lifted its position in BrightSpire Capital by 18.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 36,164 shares of the company's stock valued at $204,000 after acquiring an additional 5,749 shares in the last quarter. Hedge funds and other institutional investors own 56.57% of the company's stock.

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.