BrightSpire Capital, Inc. (NYSE:BRSP) Receives $6.75 Consensus Target Price from Brokerages

BrightSpire Capital, Inc. (NYSE:BRSP) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.75.

A number of research analysts have weighed in on the company. JonesTrading reaffirmed a “buy” rating and set a $6.50 target price on shares of BrightSpire Capital in a report on Wednesday, June 3rd. BTIG Research upgraded BrightSpire Capital from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Wednesday, April 22nd. Barclays lifted their price target on BrightSpire Capital from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings downgraded BrightSpire Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th.

BrightSpire Capital Stock Up 0.1%

BRSP stock opened at $5.63 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $732.83 million, a PE ratio of -20.83 and a beta of 1.28. BrightSpire Capital has a twelve month low of $4.84 and a twelve month high of $6.16. The stock has a 50-day simple moving average of $5.77 and a two-hundred day simple moving average of $5.78.

BrightSpire Capital (NYSE:BRSP) last posted its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $51.75 million for the quarter, compared to analysts’ expectations of $63.12 million. BrightSpire Capital had a negative net margin of 24.16% and a positive return on equity of 7.46%. On average, equities analysts predict that BrightSpire Capital will post 0.51 EPS for the current fiscal year.

Institutional Trading of BrightSpire Capital

A number of large investors have recently modified their holdings of BRSP. Financial Gravity Asset Management Inc. boosted its position in shares of BrightSpire Capital by 59.2% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 4,835 shares of the company’s stock valued at $27,000 after acquiring an additional 1,798 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of BrightSpire Capital during the 1st quarter valued at about $32,000. Axiom Investment Management LLC bought a new stake in shares of BrightSpire Capital during the 1st quarter valued at about $33,000. National Bank of Canada FI boosted its position in shares of BrightSpire Capital by 50.0% during the 3rd quarter. National Bank of Canada FI now owns 7,500 shares of the company’s stock valued at $41,000 after acquiring an additional 2,500 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of BrightSpire Capital during the 1st quarter valued at about $48,000. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Company Profile

BrightSpire Capital Inc (NYSE: BRSP) is a real estate investment trust (REIT) specializing in commercial real estate debt. The company primarily originates, acquires and manages a diversified portfolio of mortgage loans, mezzanine loans and preferred equity investments secured by office, retail, industrial, multifamily and hospitality assets across the United States. By focusing on income-producing credit instruments, BrightSpire seeks to deliver attractive risk-adjusted returns to its shareholders through regular dividend distributions.

BrightSpire’s investment strategy spans the capital structure of commercial real estate, with an emphasis on senior mortgages that offer more stable cash flows and downside protection.